US university’s commencement speaker reveals he will pay off students’ final-year loans

A commencement speaker at a US university has announced he will pay off the final-year loans of the graduating class. The speaker made the surprise revelation during his address at the ceremony.

The gift covers the remaining loan balances for students in their final year of study. The exact amount of the donation was not disclosed.

University officials confirmed the offer applies to all eligible graduates. Students expressed shock and gratitude at the unexpected announcement.

The speaker, whose name has not been released, did not provide further details about the payment process. The university will handle distribution of the funds.