AceShowbiz - Miranda Kerr and Evan Spiegel are extending helping hands to a graduating class of students. The former Victoria's Secret Angel and the CEO of Snapchat have paid off the students' college loans.
The couple have made a "significant donation" to Otis College of Art and Design in Los Angeles through their Spiegel Family Fund which will "allow for the repayment of the outstanding student debt of students in the graduating Class of 2022," the facility announced in a statement.
Students received the news during the college's 2022 commencement on Sunday, May 15, where Miranda and Evan, who took some classes at Otis while in high school, also both received honorary degrees.
Charles Hirschhorn, President of Otis College, said, "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."
"Student debt weighs heavily on our diverse and talented graduates," Charles continued. "We hope this donation will provide much-deserved relief and empower them to pursue their aspirations and careers, pay this generosity forward, and become the next leaders of our community."
The donation was the largest single gift in the history of the school, which reportedly had around 285 graduates this year. Evan, who is worth more than $5.2 billion, and Miranda hailed it a "privilege" to help out the students.
"Otis College of Art and Design is an extraordinary institution that encourages young creatives to find their artistic voices and thrive in a variety of industries and careers," their statement read. "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."
Miranda and Evan are parents to sons Hart, 4, and Myles, 2, together, while the 39-year-old model also has Flynn, 11, from her marriage to Orlando Bloom.