“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.” ![]() “Student debt weighs heavily on our diverse and talented graduates,” said Charles Hirschhorn, President of Otis College of Art and Design. With less-than-obvious career paths and the lingering employment difficulties of the pandemic, some seniors remarked it was a huge weight off their shoulders. Otis can cost $50,000 for a liberal arts degree, but some of the recipients of Spiegel’s generosity had wracked up $70,000 or more. MORE: Zimbabwe Youth at Berkeley Creates Free Online Coding Classes to Help Others Get Similar Scholarships “I felt pushed and challenged to grow surrounded by super talented artists and designers, and we were all in it together.”Įver since the federal government decided to start guaranteeing student loans in 1965, and universities realized that it wasn’t an unemployed teenager paying for their education but the entire United States taxpayer base, tuition costs have far outpaced any other metric of inflation. “It changed my life and made me feel at home,” Spiegel, who took summer classes at Otis during high school, told the graduating class.
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