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Billionaire to pay off loans for 400 students

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Billionaire technology investor Robert Smith delivered the keynote address at Morehouse College, where he announced a surprise.

He said he would pay off the student loans for the nearly 400 graduating seniors. The debt is estimated at up to $40 million.

“On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus," Smith said. “This is my class, 2019. And my family is making a grant to eliminate their student loans.”

Read more from The Associated Press.

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