The debt has been paid… (forgive us our debts…)
The graduating class of Morehouse College got a surprise gift on Sunday (May 19, 2019) when billionaire Robert F. Smith announced during his commencement speech that he would pay off the entire student debt of the graduating class.
Student loans in the USA can reach north of $100,000 over four years.
At first students couldn’t believe their ears but soon they broke into a spontaneous chat of “MVP” … and gave the commencement speaker a standing O.
Smith has a history of generosity and has donated over $50 million dollars to cancer research.
"Now, I know my class will make sure they pay this forward. I want my class to look at these (alumni) -- these beautiful Morehouse brothers -- and let's make sure every class has the same opportunity going forward because we are enough to take care of our own community. We are enough to ensure we have all the opportunities of the American dream."
The graduating class consists of 396 students and the total cost of the donation will be around $40-50 million dollars by most estimates.
A greater debt has been paid by Jesus on the cross – our debt of sin. Jesus has set us free and “whom the son sets free is free indeed”! (John 8:36) “Freely you have received, freely give.”