US billionaire’s gift to grads fuels student-debt debate

<p>WHEN the American billionaire Robert Smith announced to students &nbsp;graduating from historically black Morehouse College that he would pay off their student loans, he put himself at the centre of one of the 2020 US election&#8217;s key issues.</p> <p>While the cost of Smith&#8217;s surprise gift announced on Saturday to Morehouse&#8217;s 396-strong class of 2019 is not yet known, the body&#8217;s student debt is thought to reach US$40 million (RM160 million).</p>

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