Positive Pants: Billionaire Paid Off Student Loans For Every Graduate!

Positive Pants: It's graduation season and millions of people are graduating from college with the daunting task of starting the payback process of their student loans!

Robert F. Smith is the founder and CEO of the private equity firm Vista Equity Partners. Last year,"Forbes"ranked him as the 163rd richest person in America . . . worth about $4.4 billion. He's one of only 13 black billionaires in the world.

During graduation on May 19, Morehouse College in Atlanta gave him an honorary doctorate, and he spoke at the commencement in front of about 400 graduating seniors.

And during his speech, he announced he was making A HUGE donation . . . to pay off the entire graduating class's STUDENT LOANS.