Surprise gift: Graduating seniors’ final-year loans paid off

Diploma with red ribbon, graduation hat and book on white background
Graduation gift FILE PHOTO: One university's graduating class got quite a surprise during their commencement ceremony. (LEONID IASTREMSKYI/Pixel-Shot - stock.adobe.com)

The graduating class at North Carolina State University Wilson College of Textiles had quite a surprise during their commencement ceremony.

Read more trending news  ]

Commencement speaker, donor Anil Kochhar and his wife paid the final-year student loans for the entire graduating class, WTVD reported.

The Raleigh News & Observer called the gift “potentially life-changing financial news.”

The newspaper said Kochhar’s father attended the school.

“It is my privilege to announce today that, in honor of my father Prakash Chand Kochhar, Marilyn and I are providing a graduation gift to cover all the final-year education loans incurred by Wilson College graduates during the 2025–26 academic year,” he announced during the ceremony.

“Marilyn and I hope that all of you leave Reynolds Coliseum today not only with a degree but with greater freedom to pursue your goals, take risks and build the lives you’ve worked so hard to achieve,” he added.

Watch the moment and reaction below in a post on the school’s Instagram account.

Kochhar’s father moved to Raleigh, North Carolina, from Punjab, India, in 1946 to learn about textile manufacturing. He earned both a bachelor’s and a master’s degree, the school said in a news release.

This was not the only time Kochhar had helped future generations. He has also sponsored a scholarship and made several donations to the institution over the years, the New & Observer reported.

© 2026 Cox Media Group

On AirMagic 102.1 FM - 80's, 90's, & Today! Logo