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Billionaire pledges to pay off debt for Morehouse graduating class

Billionaire private equity titan and philanthropist Robert F. Smith surprised the Morehouse College class of 2019 with a pledge to pay all of their student loan debt. Yahoo Finance’s Dan Roberts, Melody Hahm, and Myles Udland discuss Smith’s gift, which totaled about $40 million, and his challenge to other alumni to do the same.