Dive Brief:
- The 2014-15 academic year will be the last that all incoming freshmen at Antioch College will receive the $121,000 Horace Mann Fellowship.
- After almost closing its doors in 2008, the 160-year-old private school in Yellow Springs, Ohio, was saved and reopened in 2011 by its alumni base, and has offered the merit-based scholarship to all incoming students since.
- Offering the scholarship to every accepted student since 2011 was part of the school's effort to build to 250-300 of "the most academically capable and gritty students" enrolled at the school.
Dive Insight:
Between 75 and 85 more students will likely receive the aid package, and only 18% of the 800 applications for fall 2013 were accepted. Aside from the student body, the college has also been rebuilding its campus with a $5.7 million residence hall renovation and a health and wellness center remodeling that will ultimately offer students racquetball courts, multi-purpose studio spaces and a regulation indoor swimming pool.