Worried about paying for college? Consider applying to Antioch College.
The liberal arts college, which is based in Yellow Springs, Ohio, announced that it would offer its Horace Mann Fellowships to all students who enter the college during the 2014 academic year. This is the fourth and final year the fellowship will be offered; it was established as a mechanism to replenish the school's student body after a three-year closure.
Horace Mann Fellowships cover four years of tuition, an estimated value of at least $121,000.
"The scholarship that comes along with the fellowship's responsibility for action makes what could be an unaffordable education accessible," said Antioch College student Hannah Craig, in a statement. "I am able to focus on following my passions with my incredible education without the fear of being left extreme amounts of debt after graduation."
Antioch College said it expects to enroll between 75 and 85 students in the 2014 academic year. To date, the college has received more than 450 applications for those spots.
The school received more than 800 applications for fall 2013 admission of which 18 percent were accepted. According to the college's statement, accepted students for the fall of 2013 held an average unweighted GPA of 3.65 and an ACT score of 25.
“We've offered the Horace Mann Fellowship during these formative years to bring the most academically capable and gritty students to the college,” said Micah Canal, dean of admission at Antioch College, in a statement. “For the right kind of student, one with the drive to dig deeply at an academically rigorous private college and apply those learnings on full-time work placements, just as they take a significant role at a 160-year-old start-up and rethink what a higher education ought to be in this young century, it is an unparalleled opportunity.”
While the pairing of "160-year-old" and "start-up" seems contradictory, it is not inappropriate. Antioch College was shuttered in 2008 by its parent university. The college's alumni paid $6 million to buy its campus and assets in 2009, reported the Chronicle of Higher Education, and the now independent liberal arts college reopened to 35 students in the fall of 2011.
Since then, with the help of the Horace Mann Fellowships, Antioch College has grown. While many of buildings on its campus that once housed 2,200 students remain dark, the number of incoming students has increased, with 99 admitted for the fall of 2013. Each of these students received the full-tuition fellowship.
The college has also launched renovation projects to update its aging campus. North Hall, a 160-year-old dormitory, received a $5.7 million facelift. The campus' Health and Wellness Center is currently being updated. The construction of a central geothermal plant, which began in earlier this month, seeks to reduce power use on campus.
To learn more about Antioch College, visit its website.