Word: tuitions
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Determined to halt the downward drift of the school system, Boston area businesses have been stirred into action. In an imaginative program announced last week, nearly three dozen companies set a fund-raising goal of $5 million to help cover the tuition costs of any public high school graduate who is accepted by a college. What's more, the companies pledged to give the students priority in hiring after graduation. Says Edward Phillips, a leader of the effort and chairman of New England Mutual Life Insurance Co., which donated $1 million to the plan: "Our goal is that no qualified...
Because of that scandal, no undergraduate paid tuition in the 1639-1640 school year. No one went to classes, and Harvard College was deserted for an entire academic year...
Although Lionel failed his entrance examinations the first time, he tried again and passed. One year later, in 1911, he entered Harvard. The University gave him free tuition, and alumni collected enough money to pay for his expenses...
Perhaps the most comprehensive of all these creative financial schemes is the three-year-old University of Pennsylvania plan, which covers many other costs besides tuition. Prospective Penn parents can pay tuition for all four years now at the 1986 annual rate ($11,200), take an unsecured tuition loan of up to $42,000 at 9 1/2% with ten years to repay and enter into a revolving tuition- credit arrangement that lets them borrow as they go along, or arrange credit for up to $6,000 in vouchers that the student can sign like checks at, say, the college bookstore...
...gimmicky and bottom-line oriented, with too little emphasis on students' abilities. Among the more controversial programs: Goucher College's 100th-anniversary gift of two scholarships at 1885 rates ($100 per year), and Fairleigh Dickinson's "twofdr," under which a student's sibling can enter at half the regular tuition of $5,670. One critic of such gambits is Bard President Leon Botstein, who scorns them as "desperate marketing of a silly kind" designed for show rather than education. Citing his plan, which is limited to students who rank among the top ten in their high school classes, Botstein says...