Billionaire’s gift to wipe out Morehouse student loans highlights debt ‘crisis,’ advocates say

May 22, 2019 |

For Morehouse College graduate Keith Anderson, the surprise announcement by billionaire tech investor Robert F. Smith to pay off his entire class’ student loan debts was nothing short of extraordinary.

While scholarships helped Anderson, a physics major at the all-male historically black college in Atlanta, afford most of his schooling, he still has close to $15,000 in loans. But Smith’s pledge during Sunday’s commencement ceremony means Anderson can attend graduate school with a clean slate.

Read more