Miranda Kerr, husband Evan Spiegel to pay off millions in student debt

Tuesday, May 17, 2022
author picture Noah Rousseau
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Original content created by news.limited staff

Billionaire Evan Spiegel and Miranda Kerr Pay Off Millions in Student Loans

The world's youngest billionaire‚ Evan Spiegel‚ has paid off the student loans of every graduating student. Evan and Miranda Kerr attended Otis College of Artwork and Style graduation ceremony to announce the gift. The couple's generosity was introduced by Otis' Charles Hirschhorn. Students of the class of 2022 are a diverse group of students. Evan and Miranda Kerr's donation will be spread among the class of 2022.

Miranda Kerr's husband Evan Spiegel pays off millions in student debt

Snapchat co-founder Evan Spiegel and supermodel Miranda Kerr have given back to the school they attended. The couple‚ who are worth an estimated $10 billion‚ paid off every graduating student's student loan at a graduation ceremony this month. They were at the Otis College of Art and Design to collect honorary degrees and later announced their gift of $10 million to the school. Their generous gesture is the largest donation in the college's history‚ but many students are surprised by the news. The gift is being made in honor of Otis College‚ a private nonprofit college that ranks in the top 1% of the most diverse colleges in the country. Among its students‚ 77% are non-white and 26% identify as international. The gift comes amid a national conversation about the student debt crisis - 43.4 million people are in debt after attending college. The two celebrities are doing their part to raise awareness about the problem. Last year‚ Evan Spiegel and his wife Miranda Kerr attended the Otis College of Art and Design graduation ceremony together. During the commencement ceremony‚ Hirschhorn shared the news with the graduating class of 2022. Evan Spiegel's generosity has been reported as the largest donation in the college's history‚ and the news led to boisterous celebrations from students. A rousing speech by Otis President Charles Hirschhorn congratulated the students on their achievements. In addition to co-founding Snapchat‚ Evan Spiegel is also the co-founder of KORA Organics. Together‚ the couple donated a $1 million to Otis College of Art and Design. Their donation was not disclosed‚ but it was their largest single gift‚ exceeding the previous $ 10 million record. Evan Spiegel attended Otis as a high school student and credits his classes with his success.

Evan Spiegel is world's youngest billionaire

In the world of technology‚ Evan Spiegel has plenty of reasons to smile. After all‚ he is the world's youngest billionaire‚ at age 30. He is also married to supermodel Miranda Kerr and the couple have two children together‚ Hart Kerr and Myles. Spiegel got married in July 2017 and they bought a house in Brentwood‚ Los Angeles. They plan to spend the rest of their lives together in the same home. A California native‚ Evan Spiegel is the founder of the popular Snapchat messaging app. He was born in 1990 and attended Stanford University. He dropped out of college his senior year to concentrate on Snapchat. Snapchat has become the world's most popular social network‚ with over one billion users worldwide. The world's youngest billionaire was the chief technology officer at the company‚ and his total wealth is now estimated at $4 billion. But before this extraordinary achievement‚ Spiegel struggled to make a living. Since then‚ Spiegel and Kerr have kept a low-profile on social media‚ but they have been busy building up their net worth. After the June 2015 funding round‚ he purchased a Ferrari worth up to $100 million. In September 2016‚ Spiegel renamed his company Snap Inc.‚ and announced plans to expand beyond its Snapchat app to include smart sunglasses. In a recent interview‚ Spiegel outlined his plans to expand the company's portfolio beyond the app‚ including smart sunglasses and a new smartwatch. After graduating from Stanford‚ Evan Spiegel founded his first company‚ Snap Inc.‚ with two Stanford classmates Bobby Murphy and Reggie Brown. They had only three employees at the time and were working to launch the service in 2012. As the company grew‚ it reached one million daily users and soon became the world's youngest billionaire. Investing $30 million in real estate in the same year made Spiegel world's youngest billionaire.

Otis College of Art and Design is a private nonprofit college

Otis College of Art and Design is located in Los Angeles‚ California. It was founded in 1918 as the city's first professional school of the arts. Today‚ it is an accredited private college with over 1‚200 students enrolled in its undergraduate and graduate programs. Its alumni include Fulbright grantees and leaders of contemporary art movements. Its faculty and alumni have created successful careers and are among the most influential designers and entrepreneurs in the country. The college offers undergraduate‚ graduate‚ and summer programs. Otis College of Art and Design offers 11 bachelor's degrees and four master's programs in fine arts. Other programs include architecture‚ fashion design‚ and writing. The college is a nonprofit institution. Interested students should contact the admissions office to learn more about the programs and costs. Otis College of Art and Design is accredited by the National Association of Schools of Art and Design‚ the Association of Collegiate Schools of Art and Design‚ the Council of Independent Colleges and Universities‚ and the California State University system. The cost of attending Otis College of Art and Design depends on your level of family income. Generally‚ students need to earn at least 10% of their gross annual income to pay for college. If you're not a low-income earner‚ you can consider applying for government grants or scholarships to cover the cost of tuition. The average net cost of attending Otis College of Art and Design is $46‚876 for students from low-income families. You can apply to Otis College of Art and Design without an interview. You must earn an average GPA to be accepted. Its acceptance rate is 80%. Students with SAT/ACT scores between 1080 and 1310 and an ACT score between 20 and 27 have an excellent chance of admission. One quarter of applicants achieved scores that were higher than these ranges‚ while the rest had lower scores.

Students in the class of 2022 are a diverse group of students

In the Class of 2022‚ there is a large diversity of student backgrounds. For example‚ while nearly 68 percent of the students identified as American/Alaska Native‚ nearly a fifth identified as African American. Another seven percent identified as Hispanic or two or more races. Approximately nine percent identified as international students. The first-year class at USC represents a diverse group of students‚ with a number of international students representing the top third of the class. Despite the diversity of their backgrounds‚ students in the class of 2022 have many common characteristics. For example‚ forty percent of students enrolled in the program had class rank information‚ and more than half had a class rank within the top five percent. In addition‚ ninety percent of the class participated in community service‚ 40 percent led a major student organization‚ and forty percent had a job. Twenty-seven percent were involved in campus ministry or mock trial and debate. Across all USF colleges‚ the class of 2022 is more diverse than the previous class. The College of Engineering is home to nearly two thousand students‚ with over a quarter of its first-year class identifying as American Indian/Alaska Native or underserved. And the College of Science is home to one-fifth of students who are underrepresented in other areas. The University of Notre Dame's Class of 2022 represents an impressive diversity. Students represent 66 countries‚ and 48 states and two U.S. territories. One-third are women. A fourth of the class is made up of first-generation‚ PELL-recipient‚ and low-income students. Eighty percent of the student body is Catholic. Forty-four percent of students in the School of Museum of Fine Arts are first-generation and nearly 160 are members of the University of Notre Dame's first-generation student body.

Students were blown away by their final projects

The final project showcased the work of University of Tasmania media students. The suite of projects was developed for TasCOSS‚ a peak community organization in Tasmania. The projects were created as part of a pilot unit in Professional Practice and Industry Engagement‚ an aspect of the journalism‚ media and communications degree. The unit is designed to foster confidence and prepare students for professional placement. Students were blown away by the quality of their final projects.