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Friday, October 16, 2009

Online Education Investor Makes More Than $1 Million in Scholarships Available to Those in Need | Reuters


Online Education Investor Makes More Than $1 Million in Scholarships Available to Those in Need Reuters:

"SOLANA BEACH, Calif.--(Business Wire)--
Dr. Michael Clifford, the principal of SignificantFederation (www.sigfed.com), a
company that has invested or has a financial stake in more than a dozen online
colleges and universities around the country, has decided it is time to give
back.

Clifford announced today that SignificantFederation plans to make $1 million in
scholarships available to smart students, who can no longer afford to pay the
skyrocketing tuition that most schools are seeking.

'SignificantFederation has done extremely well in recent years by investing in
colleges that already have, or would like to have, an online education
component,' said Clifford, who was an early investor in both Grand Canyon
University and Bridgepoint Education, two highly successful online education
companies that have gone public in the last 12 months.

'We believe the time has come to reach out to the smartest and poorest students
in America and give them a chance to expand their horizons,' he added.

Prospective students, including adults, are encouraged to visit
http://www.significantfederation.com/scholarships/ to fill out a simple form and
receive a scholarship application."