Dealing with debt repayment: Is the dream gift for Morehouse College's 2019 graduating class a nightmare for the financial aid office?

The article discusses how the financial aid office of higher education institutions can handle a gift similar to the one made by billionaire Robert F. Smith who pledged to pay off the student loans of Morehouse College class of 2019. Topics covered include need for the office to determine how to get the funds to the students, speculation on how Morehouse will transfer the funds between the donor and student loan servicers and impact of privacy issues on the administration of the funds.