The Odyssey Scholarships

An anonymous benefactor has showered the University of Chicago with a $100 million gift to eliminate student loans for needy undergraduates. Tribune:

"A quarter of our students will have a very different experience than they had before," Michael Behnke, vice president and dean of college enrollment, said in an interview Wednesday. "They will be free from this worry about debt. It will transform student life on campus."

They will be known as the Odyssey Scholarships, "reflecting the university's commitment to study the classics and its rigorous academic curriculum." Sun Times:

The school released few clues about the donor, but said he came from a "modest" background and graduated in the 1980s, which would put him on the younger side for such a big benefactor. They would not say whether he was a local area resident or not, or how he earned his fortune.

However, John Boyer, dean of the liberal arts college, said the donor really enjoyed classes like Greek literature, which were part of the university's core curriculum.

The U. of C. "had a profound effect on my life and in particular on allowing me to survive untold failures and persevere in mad adventures that have rewarded me with the financial resources to make this gift,'' the donor's statement said.

Sounds like a capitalist to me.