Snap CEO Evan Spiegel And Miranda Kerr Paid Off Otis Art School Graduates' Student Loans

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Snap CEO Evan Spiegel And Miranda Kerr Paid Off Otis Art School Graduates' Student Loans
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Spiegel and Kerr, who have been married since 2017, gave the commencement speech and got honorary degrees from Otis College of Art and Design.

Without specifying an amount, the school said in a statement that the donation from the Spiegel Family Fund is the largest in the college's history, and will"allow for the repayment of the outstanding student debt of students in the graduating Class of 2022.", which also says the college's previous largest gift was $10 million.As Hirschhorn broke the news, students cheered and leapt out of their seats for a lengthy standing ovation.

"It is a privilege for our family to give back and support the Class of 2022, and we hope this gift will empower graduates to pursue their passions, contribute to the world, and inspire humanity for years to come," Spiegel and Kerr said in a statement.that the surprise is lifting a huge weight off their shoulders as they begin their careers.

Farhan Fallahifiroozi, whose family emigrated from Iran in 2015, said they had been worried about the more than $60,000 in debt he took on to finance his degree, and that his mom cried upon hearing the news.Support for LAist comes from

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