Billionaire investor Robert Smith recently offered to pay the student debt for all 300 of the 2019 graduating class of Morehouse College in Atlanta, GA. Every single one of those young men will start their lives with a clean debt slate thanks to this amazing act of charity.

As many as 44.7 million Americans have student loan debt, according to a 2018 report by the Federal Reserve Bank of New York. The total amount of student loan debt is $1.47 trillion as of the end of 2018 — more than credit cards or auto loans.

Morehouse graduate Jonathan Epps, 22, said he has $35,000 in student debt. Elijah Nesly Dormeus, who is the first of nine kids to graduate college, said he had $90,000 in debt. Now, these young men and 300 others, will have none of it.

At the end of the commencement speech, Robert Smith said that he knows that this class will “Pay it Forward…” That’s all he asks.

Morehouse graduates Donavan White and Ernest Holmes tell us how it felt to have their student loans paid for by commencement speaker Robert Smith, and how they plan to fulfill his request to “pay it forward.”