Couple Gives College $121 Million on Condition Students graduate in 4 years.
Bob and Ellen Thompson, a couple in their 90s, are donating $121 million to expand a scholarship program at Bowling Green State University. But there are strings attached to make sure recipients earn a degree in 4 years. According to the terms, 80% of the students receiving support must graduate within four years. Otherwise, the public school in Ohio has to foot the bill for each extra semester. The Thompson scholars program is taking on one of the most intractable problems in US higher education: college completion. On average, only about half of students earn a degree within six years, a recent study showed. The longer they take, the costlier college becomes. And if students drop out after taking loans, they end up with debt and no degree. 

From Bloomberg

Bling-bling, ching-ching. Congratulations to Bowling Green. It's nice to hear when those who are wealthy decide to share some of it with others. If only more in power would do the same.