A few foundations have started to attack the high cost of education by offering full tuition and fees to all of the students at a particular institution, the Los Angeles Times reported August 6.
The institute, which opened last week, will give a tuition-free graduate school education to every one of the 28 students in its inaugural class. Most students also received stipends to cover living expenses.
Next fall, the Franklin W. Olin College of Engineering will open in Needham, Mass., offering four-year bachelor’s degrees paid for entirely by the earnings from a $300-million grant from the F.W. Olin Foundation of New York.
Keck has not yet decided whether it will provide full scholarships for students in the future.
“It has been our plan to provide generous fellowships,” chief academic officer David J. Galas told the Times. “But our trustees decided that the best investment we could make is in a high-quality first class.”
For the full story, go to the Los Angeles Times.