Evan Spiegel and Miranda Kerr surprise art school grads with paid off student loan

Evan Spiegel, co-founder and CEO of Snap INC.
Otis College of Art and Design

Miranda Kerr, Founder and CEO of KORA Organics.
Otis College of Art and Design

Otis College of Art and Design in Los Angeles received a major donation model and KORA Organics CEO Miranda Kerr and Snap Inc. CEO Evan Spiegel through the couple’s Spiegel Family Fund. The donation will help pay off outstanding student debt for students in the Class of 2022 who were surprised by the news at a commencement ceremony on Sunday. It is the largest donation in the university’s history, read a statement from Otis, “and will reduce student debt for emerging artists and designers and their families.”

Otis College is one of the most diverse colleges in the United States, with 77% of students identifying as students of color; more than 90% receive financial assistance; and after graduation, more than 90% find employment in the creative economy.

“Otis is extremely grateful for this historic, life-changing gift from Miranda Kerr and Evan Spiegel for the Class of 2022 and their families,” said Charles Hirschhorn, president of the Otis College of Art and Design. “Student debt weighs heavily on our diverse and talented graduates. We hope this donation will bring them much-needed relief and enable them to pursue their aspirations and careers, further this generosity, and become the next leaders of our community.

“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,” said Spiegel and Kerr, founders of the Spiegel Family Fund. “It is a privilege for our family to give back and support the Class of 2022, and we hope this gift will empower the graduates to pursue their passions, contribute to the world, and inspire humanity for years to come. “

The donation was announced to cheering students at the 2022 launch of Otis College, which included three honorary degree recipients, including Spiegel, who attended Otis College as a high school student before enroll in Stanford University; Kerr; and Bobby Berk, design expert and Emmy-nominated TV host weird eye.

Following the ceremony, the graduating students received a letter explaining how this generous donation will help them repay their student loans.

Since 1919, Otis College has nurtured a diverse student body in established and emerging creative fields, including communication arts, digital media, environmental design, fashion design, fine arts, product design, and design. toy design.

Kayleen C. Rice