Commencement Speaker's Surprise Announcement - Will Pay Off Class of 2019's Loans!

@Creekland, in your example it can be assumed some criteria was used to select winners, based on merit and/or need. In the Morehouse situation, the rewards are allotted based on outstanding loan balance, which may or may not be a good approximation of each family’s hardship in financing the education. I nevertheless acknowledge that it was a very generous action.