Four years after Antioch College suspended operations due to financial problems, the private liberal arts institution in southwest Ohio is recharging its system by extending full scholarships to current students and anyone who applies over the next three years, CBS News reports. Based on the value of the current $26,500 yearly tuition, that makes each scholarship worth at least $106,000, according to CBS News. In addition, students who qualify for financial aid may pay less for room and board, which costs around $8,600 per year.
“We don’t want economics to be an impediment to a high-quality liberal arts education,” Antioch President Roosevelt said in announcement on the school’s website Tuesday.” By providing four year, full-tuition scholarships, we make attending Antioch College a realistic option for the best and brightest students, regardless of their family’s economic situation.”