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The local community college here in Santa Barbara just announced a new program to make tuition and books free for students from within the local area. http://m

• newjersey 10y ago
  > The program will cost 5 million for the first three years. After that the foundation will have to create an endowment of 30 million to make sure the program continues indefinitely. I think this is great news. However, I have some questions. How much will the program cost per student (what are the fixed and variable costs)? What is the program doing to keep costs low?
• maxerickson 10y ago
  A similar example is the Kalamazoo Promise: https://en.wikipedia.org/wiki/Kalamazoo_Promise https://en.wikipedia.org/wiki/Kalamazoo_Promise