US billionaire stuns students by pledging to pay off all loans

Credit: PA - Press Association STUDIO
Published on May 20, 2019 - Duration: 02:05s

US billionaire stuns students by pledging to pay off all loans

A billionaire technology investor has stunned graduates at a US college by announcing he will pay off all their student loans estimated at 40 million dollars (£31m).

Robert F Smith made the announcement while addressing nearly 400 graduating students at the all-male historically black Morehouse College in Atlanta, Georgia.

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