As Hirschhorn explained, the donation allowed the school to create a fund that will “cover full repayment” of the class of 2022’s “existing, outstanding student debt for loans certified by the college.” Furthermore, he continued, a second fund has been established to “reduce comparable student debt that has not been certified by the college.”
“We look forward to great success all of you will achieve in the years ahead,” Hirschhorn said, “and we hope this gift enables you to do great things and to pay it forward and do great things for others.”
After hearing the news, the class of 2022, which according to the Los Angeles Times consists of 285 graduates, broke out into tears and applause.
“People are crying,” Hirschhorn said after choking up. “It’s making me cry.”