Miranda Kerr and Evan Spiegel pay off student loans to graduates of the College of California

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CEO of Snap Inc. Evan Spiegel and supermodel entrepreneur Miranda Kerr paid off student debt for his 2022 California college graduating class.

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The donation “will help pay off the outstanding student debt of the graduating class of 2022,” the Otis College of Art and Design said. in a statement Sunday.

Spiegel and Kerr who got married in 2017called the college “an outstanding institution that encourages young creative people to find their artistic voice and excel in a variety of industries and careers.” Spiegel had previously taken classes at the college, and both he and Kerr received honorary degrees from the school. opening ceremony on Sunday.

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“Our family is honored to bring back and support the 2022 graduates and we hope that this gift will enable graduates to pursue their passions, contribute to the world and inspire humanity for years to come,” they added.

The donation was announced during the college’s opening ceremony, and the graduation video shows students cheering and cheering.

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Charles Hirshhorn, president of the college, told alumni that the school understands that student debt “can jeopardize your future and limit your creative ambitions. We don’t want this to happen. We want to empower your imagination, creativity and innovation.”

“We are delighted to announce today that Evan and Miranda, through their Spiegel Family Foundation, have made the largest gift in Otis College’s history. Their gift will allow you to pay off your student loans,” he added.

The college has established two alumni funds, one to repay loans approved by its financial aid department and the other to help students with loans secured outside of the college.

According to the Department of EducationThe average total debt of Otis College of Art and Design students upon graduation is $27,000.


Credit: www.usatoday.com /

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