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Billionaire offers to pay off the student debt of the graduating class of Martin Luther King Jr's college

Robert F. Smith, an African-American businessman billionaire, has offered to pay off the entirety of the student debt of the graduating class of Martin Luther King Jr's college in Atlanta. The announcement received a roar of applause from the 400 graduating students. Smith was there to receive his honorary degree, and he said that he believes the class will pay it forward to improve the lives of the black Americans.