Snapchat co-founder Evan Spiegel and his wife Miranda Kerr paid off the student debt for the entire 2022 graduating class of Otis College of Art and Design.
College grads on having student debt wiped out — In May of 2022, commencement day for graduating seniors at the Otis College of Art and Design in Los Angeles came with both dreams and debt.
Suhey Elias, a former student, told CBS News she was graduating with $60,000 to $65,000 in debt. Her classmate, Keila Medina Villanueva, said she had between $50,000 and $60,000 in debt. Their commencement speaker was Snapchat co-founder and billionaire Evan Spiegel, who had taken classes at Otis years before.Everything, perhaps, but pennies from heaven. What followed, however, was pretty close.
Snapchat co-founder Evan Spiegel receives an honorary doctorate, as does his wife Miranda Kerr, at the Otis College of Art and Design commencement ceremonies on May 15, 2022, where graduating students learned that Spiegel and Kerr would pay off all their student loans."And I told my friend, 'What, are they gonna pay our student loans?'" Villanueva recounted this week to CBS News."Joking around.
Charles Hirschhorn, Otis president, took to the stage and announced that Spiegel and his wife, businesswoman Miranda Kerr, would be making the largest single donation in school history through their nonprofit Spiegel Family Fund to pay off the entire student loan debt for the 2022 graduating class."They were right in front of me, and they're all gasping," Hirschhorn recalled."What just happened?" Elias said, recalling her reaction."I just said, 'Oh my God.
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