University of Wisconsin-Madison offers free tuition to financially strapped freshmen

Personal Finance

Tuition and fees at the university for one year are about $11,000.

The new program is similar to others cropping up at colleges around the country, as student grapple with the rising costs of earning a degree.

The average tuition for one year at a public college is $9,970, according to the College Board. At private colleges, the average is a whopping $34,740. Room and board can add another $10,000 or more to that annual cost.

Eligibility for the University of Wisconsin-Madison free-tuition program begins with incoming freshman this fall, the school’s announcement said. Beyond the income requirement, there will be no requirements or other qualifying factors.

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