Black Billionaire Vows To Pay Off Student Loans For Morehouse College Class of 2019

Rich Graduation Speaker at Morehouse College vows to pay off Student Loans for entire 2019 Class, EXCEPT for women, and those who worked their way through college. The Liberal Social Justice Warriors in the Democratic Party will find it hard to challenge the All American Spirit in that gesture. Morehouse College is an all male college. There were no women in the Class of 2019.

 The average Student Loan Debt for Class Of 2019 estimated to be between $35,000 and $45,000.

Robert Frederick Smith is an African-American businessman, investor, and philanthropist. A former chemical engineer and investment banker, he is the founder, chairman, and CEO of private equity firm Vista Equity Partners. In 2018, Smith was ranked by Forbes as the 163rd richest person in America. This 8th Generation African American, Robert F. Smith, is from Denver, CO. His family has been in America for 8 Generations. They lived through and worked through America’s Slavery Period and overcame. Slavery and Segregation slowed them down, but did not stop them from overcoming the Democratic Liberal Political Practices.

He is not a Fresh Of The Boat (FOB) Silicon Valley Instant Millionaire from some Muslim Country with a good Colonial Education System.

 Robert F. Smith was giving the commencement address to the graduating class of Morehouse College when he made a surprise announcement: He would be paying off the student loans of the roughly 400 graduates.

It was just the latest substantial gesture from Mr. Smith, the richest black man in America, who until just a few years ago was practically unknown.

  Mr. Smith grew up in a mostly black, middle-class neighborhood in Denver. Both of his parents had Ph.D.s in education, and he was ambitious from an early age. He applied for an internship at Bell Labs in high school, but was told he was too young. Mr. Smith called every Monday for five months and finally got the position.

 He went to college at Cornell, studying chemical engineering, then took a job at Kraft General Foods. He got a master’s degree in business administration from Columbia, then worked at Goldman Sachs in San Francisco, advising companies including Apple, Hewlett-Packard and Microsoft.

■ Mr. Smith has a passion for music. In 2016, he was named chairman of the board of Carnegie Hall, the nation’s most prestigious concert stage. He bought and restored a storied resort, Lincoln Hills, outside Denver, where black jazz musicians like Duke Ellington once played. And he has founded programs to support music education and minority entrepreneurship in Austin, Tex., where he lives, and Chicago, where Vista has an office.

Here’s what you need to know about him:

■ Mr. Smith has amassed a fortune that Forbes estimates to be worth $5 billion by founding Vista Equity Partners, a private equity firm that focuses on buying and selling software firms.

■ Vista has about $46 billion in assets under management, according to Forbes. The company is privately held and does not publicly report its results, but it is believed to be one of the best-performing firms in the country, with annualized returns of more than 20 percent since its founding.

Mr. Smith has a flamboyant side as well. He favors three-piece suits, owns one of Elton John’s old pianos and hired John Legend and Seal — and a youth orchestra — to perform at his wedding on the Amalfi Coast. He named two of his sons, Hendrix and Legend, after Jimi Hendrix and Mr. Legend. He is married to Hope Dworaczyk, an actress and former Playboy model. (See FOOTNOTE)

 Though he shunned the spotlight for many years, he has recently embraced a more public role, speaking at the World Economic Forum in Davos, Switzerland, and making major charitable contributions. Cornell renamed its School of Chemical and Biomolecular Engineering after Mr. Smith, and he has made major gifts to the National Museum of African-American History and Culture and other cultural institutions. In January, Mr. Smith donated $1.5 million to Morehouse to fund student scholarships and a new park on campus.

 A TALE OF TWO COMMENCEMENTS!
THE BATTLE OF THE BILLIONAIRES!!

Tim Cook tells grads, “We failed you”!
 Robert F. Smith says, “I declare you Debt Free”!
Robert F Smith, a Billionaire, vowed to pay off the Student Loan Debt for the 400 Morehouse graduates in the Class Of 2019.
Apple CEO, Tim Cook, a Billionaire told Tulane University grads, “My Generation failed you on Climate Change”!



FOOTNOTE:

Hope Dworaczyk at the Playboy Mansion in May 2009
Playboy centerfold appearance
April 2009
Preceded by	Jennifer Pershing
Succeeded by	Crystal McCahill
Playboy Playmate of the Year
2010
Preceded by	Ida Ljungqvist
Succeeded by	Claire Sinclair
Personal details
Born	November 21, 1984 (age 34) Port Lavaca, Texas, U.S.[1]
Measurements	Bust: 34C[1] Waist: 23 Hips: 35
Height	5 ft 10 in (1.78 m)[1]
Weight	126 lb (57 kg)

Big Win At Supreme Court For Social Security Practicioners

Since 1956, the Social Security Administration(SSA) has made disability benefits available to people whose long-term medical conditions make completing their jobs impossible.

Lawyers who want to maximize their earning capacity don’t do Social Security law. They would be crazy to do Social Security law.

Recognizing that many Social Security disability claimants are in poor financial health, the federal government devised a payment scheme whereby lawyers receive a portion of their client's judgment if they win and nothing if they don't.

Since 1956, the Social Security Administration has made disability benefits available to people whose long-term medical conditions make completing their jobs impossible.

A U.S. Supreme Court ruling earlier this year created a uniform method for allocating fees across judicial jurisdictions, ensuring attorneys will have access to higher fees regardless of where they practice.

Considering that just 22% of workers receive disability benefits on the first try, the attorneys who help these workers often don't see payment for years, if ever.

Without attorneys, disability benefit applicants can get lost in the confusing maze of the claim process. They must first take their case before an administrative law judge(ALJ), and if the judge rejects the claim or makes a mistake — which attorneys say is fairly common — they then must go to federal court to dispute the decision.

In some Federal Circuits, judges interpreted separate limits the Social Security Act placed on fees for legal work before the SSA and the federal court as a single limit, capping the overall fees at an amount equivalent to 25% of the client's benefit award.

As an example, Lawyers in the Third Circuit, were not affected by the fee cap that plagued disability attorneys in the Fourth, Fifth and Eleventh circuits before the recent Supreme Court decision.

In those circuits, judges interpreted separate limits the Social Security Act placed on fees for legal work before the SSA and the federal court as a single limit, capping the overall fees at an amount equivalent to 25% of the client's benefit award.

In other circuits, like the Third, judges allowed attorneys to collect an amount equivalent to 25% of the client's benefit award for court-level work. For agency-level work, attorneys could collect either $6,000 or an amount equivalent to 25% of the benefit award, whichever is less. Fees could come from both the benefit award and the federal government, which offers a pool of money to disability attorneys under the Equal Access to Justice Act.

The ruling's main impact could be to encourage Social Security attorneys who already practice in federal court to continue doing so, rather than abandon cases at the appeal stage because the money isn't good.

In the past, Social Security claimants' probability of successfully going up against the SSA varied depending on where they were. Now, claimants should have an easier time across the country.