No, no one put anything into our morning Sumatra. What if you didn’t have to pay college tuition? There were no tedious scholarship applications to fill out. And, you knew Sallie Mae wouldn’t be breathing down your neck when you graduate. It’s not a pipe dream for students enrolled at Antioch College. They don’t have to pay a dime for tuition.
The unaccredited four-year private liberal arts college, about 30 minutes from Dayton, Ohio, is trying to resurrect itself. It reopened last year after financial problems forced it to suspend operations in 2008. To attract students, Antioch has eliminated the $26,500 annual tuition for at least the next four years.
“Antioch is ranked high, but was never financially secure. It never placed particular emphasis on money,” said Michael Roosevelt, Antioch College President.
He’s not exaggerating. The college, whose notable alumni include Coretta Scott King and 2007 Nobel Laureate Mario Capecchi, has closed four times since 1858.
Antioch’s renaissance is coming as most higher learning institutions are hiking tuition and students are trying to find a less expensive way to pay for their education. It has created a perfect storm for Antioch.
Roosevelt said there are about 2500 applicants for next year’s class. They’re competing for just 75 spots.
Read all about it at http://www.cnbc.com/id/46310825
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