Why Robert F. Smith’s Morehouse surprise donation mattered even more after graduation day

Robert F. Smith's 2019 Morehouse College commencement gift stunned graduates by erasing all their student debt, a move that also covered parents' financial burdens. This $34 million donation highlighted the immense pressure of student loans, particularly within African-American communities, and underscored the broader issues of college affordability and wealth disparity.

May 16, 2026 - 19:30
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Why Robert F. Smith’s Morehouse surprise donation mattered even more after graduation day
Robert F. Smith's 2019 Morehouse College commencement gift stunned graduates by erasing all their student debt, a move that also covered parents' financial burdens. This $34 million donation highlighted the immense pressure of student loans, particularly within African-American communities, and underscored the broader issues of college affordability and wealth disparity.

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