Would you defer college for some cash?

It’s no secret that it costs A LOT of money to go to school. Between tuition, textbooks, room & board, meal plans, and bar tabs, students and their parents shell out big bucks for a four-year university degree. But what if your college actually paid you not to go? It sounds impossible, but is actually a very real scenario for current high-school seniors planning on attending Ithaca College in the fall.

Ithaca accidentally over-enrolled their newest freshman class…by 20%. To fix the problem, they dropped $2.5 mil on a new dorm (built in just 6 weeks…impressive!) and are offering various incentives to make room for the extra students. Upperclassmen are being offered $2,000 to move to off-campus housing, and admitted freshman are being offered a whopping $10,000 to defer enrollment for a year, either by studying abroad or just taking a gap year at home. Read More »