Snap CEO Evan Spiegel, supermodel Miranda Kerr pay student loans for Otis College's graduating class

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Snap CEO Evan Spiegel, supermodel Miranda Kerr pay student loans for Otis College's graduating class
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Snap CEO Evan Spiegel and his wife, supermodel Miranda Kerr, gave the Otis College of Art and Design's class of 2022 the best graduation gift possible.

"Otis is incredibly grateful for this historic gift from Miranda Kerr and Evan Spiegel, which will be life-changing for the Class of 2022 and their families," Hirschhorn said in a statement."Student debt weights heavily on our diverse and talented graduates."

Los Angeles, CA, Sunday, May 15, 2022 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 where graduating students learned that Spiegel has paid for their tuition, making them student debt free. Yaritza Velazquez-Medina, center, weeps as students learn they no longer have college sponsored debt.

"We hope this gift will empower graduates to pursue their passions, contribute to the world, and inspire humanity for years to come."Thanks for reading CBS NEWS.Please enter valid email address to continue

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