India, May 11 -- An Indian-origin philanthropist has promised to erase part of the student debt for the graduating class of North Carolina State University's Wilson College of Textiles. Anil Kochhar revealed that he and his wife, Marilyn, would pay off all final-year loans for the graduates during his commencement ceremony on Friday.

"It is my privilege to announce today that, in honor of my father Prakash Chand Kochhar, Marilyn and I are providing a graduation gift to cover all the final-year education loans incurred by Wilson College graduates during the 2025-26 academic year," Kochhar announced.

It was an announcement that was met with stunned cheers from the crowd, a video going viral online shows.

During his speech in Raleigh, Ani...