Students graduating from historically Black school Wiley College in East Texas were told at their commencement ceremony that an anonymous donor had paid their college loan balances.
"You are debt-free, you do not owe the college a penny," the school's president announced at commencement. "If you have a balance, you had a balance — you no longer have a balance."
Wiley College said in a news release that over 100 students were gathered for graduation Saturday when the school's president made the announcement.
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The college said in the news release that the estimated total for the balances owed to the college by the graduating class of 2022 was about $300,000.
Copyright Associated Press
