The Morehouse student loan gift, through the eyes of previous grads

June 7, 2019 | The Wall Street Journal

The news took the internet by storm: Billionaire Robert F. Smith promised during a commencement address at Morehouse College in May to wipe out the student loans of the school’s graduating class, a gift estimated at $40 million.

The first year out of Morehouse for last year’s graduating class shows what kind of impact the gift may have. Student-loan debt has prompted some alumni to delay graduate school or move back home to save money.

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