Yes, you read this right, Antioch College in Yellow Spring, Ohio, is waiving the tuition for all its students, who enroll in the next three years.
This private liberal arts college is willing to give you r student a full-ride tuition scholarship for four years? 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.
It gets even better
Some students, who file financial aid applications, will capture an even greater price break. Qualified financial need based students may get to skip the room and board charges or pay a reduced price. This is very nice when you consider Antioch's room and board is currently $8,628.
Why is this university doing this?
Well, Antioch actually closed its doors in 2008. Rather sad for a college which was originally founded by abolitionists in 1850.
This was a result of bad management decisions and other problems forced them to close their doors. However, now the alumni have stepped up with tremendous financial support allowing the school to reopen.
In 2011 Antioch welcomed 35 students into its inaugural freshmen and it hopes to welcome another 65 to 75 students in the fall. The school's goal is to have about 300 students attending the school by 2015.
What Can You Get at Antioch?
One of Antioch’s strengths in the past was its work cooperative program and it appears that this valuable program is back. Through this program all students are provided with numerous work opportunities during their four years that include local, national and international experiences.
Currently the school offers 12 areas of concentration ranging from environmental and health sciences to languages and social sciences.
Here is a snap shot of the academic profile of the first class:
Students had an average unweighted high school GPA of 3.56 and an average ACT score of 27, which is roughly the equivalent of a 1250 on the SAT.
If you're a high school senior, there is still time to apply! Antioch's admission deadline is Feb. 15.