The philanthropic act of billionaire investor, Robert F. Smith, CEO of Vista Equity Partners, gave the ultimate gift to #Morehouse graduates—the promise to pay every cent of their student loans. It also gave people a sticker shock at the price of education and looming student debt crisis. Smith pledged to wipe out student loans estimating to be $40 million. The math shows that the class of 400, if divided, would have each walked out of a liberal arts college owing $100,000 in student loan #debt . Though the act of Smith has been noted as a generous and bold philanthropic action, the numbers show the predicted next bubble. More glaring, the financial crisis of student loan defaults points to the racial wealth gap divide. READ FULL STORY: …see more