Over 100 students who recently gathered at Wiley College’s (TX) commencement heard these words from President and CEO Herman J. Felton Jr. about their student debt: “If you have a balance, you had a balance. You no longer have a balance. And you are debt free. You do not owe the college a penny.” An anonymous donor paid graduating students’ balances at the historically Black college, which amounted to approximately $300,000.

“Our commitment to our students goes beyond their time while they are enrolled,” Felton Jr. said in a news release. “We are constantly communicating with donors to assist students in these ways so that they can begin their after-college experience with less debt. We are grateful for this anonymous donor who will assist the students in paying off their balances to Wiley College and help us achieve institutional goals of graduating our students with little to no debt .”

You can read more about this wonderful gift here and here.