US university’s commencement speaker reveals he will pay off students’ final-year loans
Summary
Anil Kochhar, a donor at North Carolina State University, announced during a graduation speech that he and his wife will pay off the senior-year student loans for the 2026 graduates of the Wilson College of Textiles. This gift honors Kochhar’s late father, an alumnus of the university, and aims to give graduates more financial freedom as they start their careers.Key Facts
- Anil Kochhar delivered the keynote speech at NC State University’s Wilson College of Textiles commencement ceremony.
- He and his wife Marilyn pledged to pay off any student loans taken during the students’ senior year.
- The 2026 graduating class had 176 bachelor’s recipients and 26 master’s recipients.
- Kochhar’s father, Prakash Chand Kochhar, graduated from the same college in 1950 and 1952.
- The gift honors Kochhar’s late father and his connection to the university.
- About 43 million Americans owe nearly $1.7 trillion in student loans.
- Graduates like Alyssa D’Costa expressed that the debt relief will greatly help their families.
- The donation was praised as a significant investment in the newest alumni by the college’s dean.
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