Source: Yahoo finance
How would you like to go to a private liberal arts college that will give you a full-ride tuition scholarship for four years? Sounds crazy? Actually, I’m serious.
Antioch College in Yellow Spring, Ohio, is waiving the tuition for all its students, who enroll in the next three years.
How much are these freebies worth? The value of the free tuition for the current year is $26,500. The scholarship, based on that price, makes each scholarship worth at least $106,000.
Why So Generous?
Obviously, it’s unheard of for a college to offer free tuition to its all students. There is, however, an explanation for the generosity.
Antioch is crawling out of the grave. Antioch College, which was originally founded by abolitionists in 1850, shut its door in 2008 after years of decline. Terrible management decisions, among other reasons, led to the closure, but tremendous financial support from dedicated alumni, who were appalled at the closure, led to its rebirth.