In April 2009, Shai Reshef (pdf bio), Chairman of Cramster is opening a tuition-free, internet-based academic institution. Called University of the People, the non-profit venture has announced that it will provide universal access to college studies—even in the poorest parts of the world. According to the press release while tuition is free, UoP plans to charge nominal application and examination fees ($15-$50 and $10-$100 respectively), which may be adjusted on a sliding scale based on the economic situation in the student’s country of origin. The school will be open to any student with access to a computer and Internet connection who can submit a certificate of graduation from secondary school and demonstrate proficiency in English. While they anticipate tens of thousands of students enrolling within the first five years of operation, they will cap enrollment at 300 students in the first semester.
Press release: Blackboards Without Borders
Website: University of the People