He spoke to graduates at the University of Houston on Friday.
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He didn't directly focus on the current political climate, but talked about the opportunities in the U.S. and credited immigrants for turning our country into what it is today.
"If I wouldn't have come to the United States, if I would have come to any other country, I would not have had the success. America has proven to not only be the land of opportunity, but America has proven to be the greatest country in the world - where anyone can make it," he said to the graduating class.
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Schwarzenegger waived his $40,000 speaking fee for the commencement speech.