Private College President Thinks Higher Ed’s Business Model Is Broken — And He Has A Proposal To Fix It

Matthew Scogin believes higher education’s financial model is broken and rather than just talking about it, he’s leading an experiment at Hope College in Holland, Michigan, to do away with tuition all together and move to a model of voluntary giving. It will be no small task for Hope, with an endowment valued at $284 million today, to raise enough money to cover tuition for the school's roughly 3,100 students, but Scogin is optimistic donors will step up, and the prospect of free tuition could attract more applicants to the school.