As Hirschhorn explained, the donation enabled the school to establish a fund that “will cover full repayment” of “existing and unpaid student debt for the Class of 2022 for college-certified loans.” Additionally, he continued, a second fund was created to “reduce comparable student debt that has not been certified by the college.”
“We look forward to the great success you all will achieve in the years to come,” Hirschhorn said, “and we hope this gift will empower you to do great things and pay for it and do great things for others. .”
After hearing the news, the class of 2022, who according to the Los Angeles Times composed of 285 graduates, burst into tears and applause.
“People are crying,” Hirschhorn said after choking. “It makes me cry.”