Snap CEO Evan Spiegel and model Miranda Kerr pay student loans for Otis College promotion
The class of 2022 at the Otis College of Art and Design in Downtown LA received the ultimate graduation gift – their student loans paid for by Snapchat co-creator Evan Spiegel and his wife, model Miranda Kerr.
Charles Hirschhorn, president of Downtown LA art college, announced that the donation was the largest donation in the history of Otis College. The previous largest donation to the school was $10 million.
“Otis is incredibly grateful for this historic, life-changing gift from Miranda Kerr and Evan Spiegel for the Class of 2022 and their families,” Hirschhorn said in a statement. “Student debt weighs heavily on our diverse and talented graduates.”
Spiegel, who created the popular instant messaging app with two former Stanford University classmates, took summer classes at Otis in high school. He and his wife made their donation after Hirschhorn invited them to be rookie speakers this year and told them he wanted to award them honorary degrees.
In a statement, the couple said it was a privilege to give back and support the class of 2022.
“The Otis College of Art and Design is an extraordinary institution that encourages young creatives to find their artistic voice and thrive in a variety of industries and careers.
“We hope this gift will empower graduates to pursue their passions, contribute to the world, and inspire humanity for years to come.”