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New ‘Freshman Year for Free’ program is changing the lives of college-bound students

As the cost of college education continues to skyrocket and the current model of higher education resists changing its traditional model, some educational entrepreneurs are working to reduce barriers to entry for prospective college students with financial struggles.

One such intervention, labeled the “Freshman Year for Free” program, formally launched in the summer of 2017 and has had more than 30,000 registrants. Steven Klinsky, founder and CEO of the New York-based New Mountain Capital, began the “Modern States” online learning platform that provides advanced placement courses and College Level Examination Program courses free of charge.