The keynote speaker at Morehouse College's opening ceremony announced a grant on Sunday that will eliminate student debt for the entire 2019 graduating class.
The surprise gift of billionaire Robert Smith in front of nearly 400 graduates could have a value of about 40 million dollars said.
"My family will provide a scholarship to eliminate their student loans," Smith said, according to WXIA-TV. "You big Morehouse men are bound only to the limits of your own convictions and creativity."
12-year-old reporter holds address to the University
Tonga Releford, whose son Charles Releford III is a member of the class of 201
"I feel like it's Mother's Day again," she said.
The announcement became the biggest rejoicing of the morning.
"When Dr. King said that the 'bow of the moral universe is prone to righteousness,' he did not say that he bends by itself, he bows because we choose to do ours To put shoulders. " According to WXIA, Smith said, "[Smithson]  MOTHER, SON GRADUATE COLLEGE TOGETHER IN SURPRISE CEREMONY.
Morehouse College is an all-rounder The historically black college in Atlanta.
Smith is Founder and CEO from Vista Equity Partners, a private equity firm investing in software, data and technology companies.
He is a graduate of Cornell and Columbia Business School.
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Morehouse announced a $ 1.5 million donation from Smith for student grants and a new campus campus in January.
The Associated Press has contributed to this report .