Billionaire to Eliminate Morehouse's Class of 2019 Student Loans

Robert F. Smith, a wealthy philanthropist, pledged to pay off the student loans of the entire 2019 graduating class at a college where he gave the commencement address. This unexpected act of generosity, amounting to about $40 million, surprised and moved the audience. Smith, who has a diverse background and has faced challenges in the financial industry, is part of a growing trend of wealthy individuals making significant philanthropic contributions. The act sparked discussions on the value of education, the role of philanthropy, and the controversy surrounding free college education.

What significant promise did Robert F. Smith make during his commencement address?

How did the audience react to Smith's announcement regarding student loans?

What background does Robert F. Smith have that he has spoken about?

What trend is observed among wealthy individuals in relation to education funding?

What is the general opinion of experts regarding the idea of free college education?