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July 2, 2024

TIME Magazine: Robert F. Smith: How to End the Student Debt Crisis

Five years ago, as I delivered the Morehouse College commencement address, the class of 2019 received a gift that would change their lives. I announced that I was eliminating their student loan debt. I was motivated to make this gift after I found out that just 38% of students who began at Morehouse College actually graduated in four years. It was not because of grades, requirements, or bureaucracy—but because of money. It was too expensive. Too many people had the ability but not the means to succeed. I was shocked into action.

To read the full TIME Magazine article, click here.