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Author and Noble laureate Toni Morrison will inspire a class of bright-eyed graduates at Rutgers University’s commencement this year —- but not without a price. The New Jersey university reportedly clunked down $30,000 for the “Beloved” author’s words of wisdom.

Despite her lofty fee, Rutgers spokesman Greg Trevora said the payment was necessary “to draw a speaker of Ms. Morrison’s caliber.” Rutgers will also be presenting Morrison with an honorary Doctor of Letters degree. The ceremony will be held on May 15th. It is the 245th anniversary of the school’s commencement.

In other commencement news, First Lady Michelle Obama will also be giving a commencement speech to Spelman College’s graduating class year.

We know both Morrison and the First Lady’s speeches will be amazing – lets hear it for black women inspiring our young intellectuals!