Ms. Neher, 25, received full financing for her two-year master's degree in music composition, scoring an assistantship for the second year that came with a tuition waiver (value: about $15,000) and a stipend of $900 a month — enough to scrape by, if she rode her bike around Lawrence instead of buying a car.
The notice of allegations also charges that Tribble helped arrange an out-of-state tuition waiver, valued at $9,567, to someone associated with Caldwell.
Students will have to maintain a grade point average of 2.5 in college to continue receiving the tuition money, valued at up to $8,000 a year for a public college.
The math of the deal works out well for colleges: For their cost — tuition payments valued at perhaps $60,000 at a private college — they gain allure in the eyes of many more families who are considering enrolling, but who might be put off by the prospect of an open-ended high price tag.
Since 1902, each of Cooper Union's 1,000 undergraduates have received a full scholarship to cover tuition, currently valued at $37,500 a year.
"Tuition.io's value to our partners and their employees is clear.
Nor does the federal experiment resemble limited plans, with tuition vouchers of similar value, in Florida, Milwaukee and Cleveland.
They sought $225 million in damages - a number that they said represented the difference between what they contended was inflated tuition and the "true value" of their degree.
BUSINESS DAY The Common Sense column on Saturday, about how poor financial decisions involving its endowment forced the Cooper Union for the Advancement of Art and Science to stop offering education free of tuition, misstated the total value of assets that hedge funds manage.
Higher education offers a bundle of different value propositions — tuition, housing, athletics and so on — for one large comprehensive fee.
