A private, religious school in Kentucky is promising to cut tuition by more than $30 million.
The Kentucky Baptist University has made the pledge to students who have attended the school for the past three years to pay for a new building and the cost of the construction of a new lab.
The pledge was announced Monday.
The university, which serves more than 300 students, will offer full tuition for those who enroll in classes from the fall of 2018 to spring of 2019.
The school will also cut the cost for new faculty and support staff to provide more flexible hours for students who cannot work full time.
Students will be able to pay in-state tuition at the same rate as graduate students and will not need to apply for financial aid, the school said.
Kentucky Baptist is in a difficult financial situation, said the school’s president, Chris Darden.
He said the university will offer financial aid to students enrolled in fall 2018 through spring 2019.
The university will also continue to offer scholarships for students pursuing advanced degrees in cosmetics.
A graduate of Kentucky Baptist, he has been a leader in the growth of cosmetologies in the U.S.
Darden said the program is a strong example of how religious communities can contribute to the creation of a more inclusive world for all people.
The plan is the first step in what he hopes will be a nationwide expansion of the program.