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Going to school right here in your hometown? with federal financial aid, it comes out to about $45,000 a year, so yeah. reporter: that s what you re saving. uh-huh. reporter: so over four years, do the math. $180,000. yeah. reporter: that you will not have to deal with. for some families this once in a lifetime opportunity means their children receive a college education that they otherwise couldn t afford, especially for families like the gillfeathers who have two sons attending the college. i have been a successful home builder, developer, and the home building crisis devastated my business, and i went bankrupt. so it couldn t have come at a better time for our family. you don t know if it could ever happen, and then it s made possible, it s a gift. she couldn t get that anywhere else. so we re grateful for the scholarship. at least i am. me too. because i m pretty sure i would have had to pay a lot of loans. ....
Tell me how much money are you saving by going to school right here in your hometown? with federal financial aid, it comes out to about $45,000 a year. so, yeah. that s what you are saving? uh-huh. so over four years, do the math. $180,000. 180 grand. yeah. that you will not have to deal with when you graduate. yeah. for some families this once in a lifetime opportunity means their children receive a college education that they otherwise couldn t afford, especially for families like the gilfeathers who have two sons attending oberlin college. i ve been a successful homebuilder, developer, and the home building crisis devastated my business and i went bankrupt. so i couldn t have come at a better time for our family. when you see it all slip away and you don t know if it could ever happen and then it s made possible, it s a gift. she couldn t get that anywhere else. so we re grateful for the scholarship, i am. ....
In truth, we re already doing big things. reporter: in 2001, oberlin college developed a special scholarship just for students at the local high school. so any oberlin high school graduating senior who is accepted gets to go for free. tell me how much money are you saving by going to school right here in your hometown? with federal financial aid, it comes out to about $45,000 a year. so, yeah. that s what you are saving? uh-huh. so over four years, do the math. $180,000. 180 grand. yeah. that you will not have to deal with when you graduate. yeah. for some families this once in a lifetime opportunity means their children receive a college education that they otherwise couldn t afford, especially for families like the gilfeathers who have two sons attending oberlin college. i ve been a successful homebuilder, developer, and the home building crisis devastated my business and i went bankrupt. so i couldn t have come at a better time for our family. ....