The New York Times has a fascinating article about 
Berea College, a school that has no tuition, but 
expects students to work 10 hours a week.  The school 
has a healthy endowment of $1 billion, but seems to 
use it for supporting education rather than fancy 
buildings.

I never heard of the college before last year when I 
saw a flyer on the Internet for small summer program 
to study imperialism and then spent time with families 
in Mexico.  One of my students got accepted and was 
enthusiastic about the program, but I have never 
thought to inquire about the college.

I assume that without tuition at the college lacks the 
bloated bureaucracy that characterizes most higher 
education today.  The article might just be excessive 
hype, they hope that is not the case.

http://www.nytimes.com/2008/07/21/education/21endowments.html?ref=us&pagewanted=print
 
-- Michael 
Perelman 
Economics Department California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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