Morehouse graduating class of 2019 is debt free because of a billionaire

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Morehouse graduating class of 2019 is debt free because of a billionaire

Alyssa Sutterfield, Staff Writer

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 On May 19, 2019, the graduating class of 2019 from Morehouse college was listening to a speech from Robert F. Smith, the man who founded Vista Equity Partners.

  During his commencement speech, he announced that he and his family would pay off all of the graduating class of 2019’s students loans. He explained how he wanted to have each student feel free when they begin the next chapters in their lives.

  He stated, “This is my class, 2019. And my family is making a grant to eliminate their students loans.”

  On average, a college grad student has around 37,000 dollars of debt after they graduate and receive their degree.

  So, how would Lakeview’s staff, and even students, feel if their college debt was taken care of by someone they barely even knew?

  Spanish teacher Jeff Kaspari thinks that he wouldn’t be able to express how happy he would be if he realized that his student loans were being paid by someone else.

  Kaspari stated, “ I think if I was in those students shoes, I would be completely flabbergasted. I would be so shocked at the fact that someone on a stage saying ‘I’m going to pay around 40 million dollars to all of your debt.’”

  Although Kaspari does think that this act was very generous, he elaborated on how simple it could be with students around our age.

  Kaspari continued, “Think about it like this, if your friend has a net worth of about one thousand dollars and they give you just one dollar, it is the equivalent of that man who is worth 4.8 billion dollars giving 40 million dollars away to those students.”

  Senior, Jace Wilson said that he wouldn’t really know what to do with himself if he found that he was graduating with no student loans.

  Wilson stated, “If I was in there situation, I honestly think that my jaw would just drop to the floor with shock. My only question is if he can go to my graduation ceremony to do the same thing for me.”

  Senior, Brendan Lathers also agreed that he wouldn’t know what to do with himself if he was in that situation either.

  Lathers stated. “My first thought would be ‘You’re joking, right?’ Like, I probably would’ve started looking around for the cameras saying that the whole thing was a prank and that everything he said wasn’t true.”

  In the end, these moments are called “once in a lifetime” for a reason, and these graduates deserve everything good that comes their way in life, while being debt free.

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