reporter: at a time when economic hardship is taking a toll on families everywhere, putting money aside for college almost seems like an american dream itself. [ cheers and applause ] reporter: universities and colleges are also feeling the financial strain. many schools are raising tuition and cutting back on scholarships and school programs to trim costs. but that s not the case with oberland college. in the past academic year, it has awarded $48 million in scholarships, which come from endowments, gifts and other sources. i don t have to wait to see the great things that will come out of this class. in truth, we already are doing big things. ? reporter: 2001, the college developed a special scholarship just for students at the local high school. so any oberlynn high school senior that is accept gets to go for free. how much money are you saving by
railways and airports. we will dig into the details of president obama s latest plan to boost the economy. and getting a first-class education for free. find out about a college that is offering an opportunity of a lifetime for some students. [ male announcer ] you re at the age where you don t get thrown by curve balls. this is the age of knowing how to get things done. so why would you let something like erectile dysfunction get in your way?
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.
familiarity. and you may think that there is something better out there. reporter: oberlin college hopes to continue to find ways for families to attain the american dream of a college education without the financial burden. tremendous effects in terms of helping improve the public skols, in terms of sending a message to the kids. it s important to go to school, stay innel school, and if you excel, you have this opportunity for a free ride to one of the best colleges in america. oberlin is not only rich in resources, but history, as well. they have ties dating back to the underground railroad. and just last month, u.s. news and world report listed the school as one of the top liberal arts colleges in the nation. parts of downtown atlanta transformed into this crazy fantasy wonderland. sights and sounds from dragon con2010, and the first audition ever. ines ferre with trending stories.
a veterans employment act to provide job training and placement services and another one is educational assistance act that would help members of our military who have been serving who are now home trying to figure out how to take the skills they have, translate them into practicable skills that will work for all sorts of jobs. and that act could potentially help. we ll see how well that does in congress. last thing to tell you. if you are one of these people and you are a member of the military who is home now, a veteran, looking for work, there is a handful of websites that can help you a lot, and i have posted them at facebook and twitter. here are my addresses. josh levs cnn. i have the links all set up for you, if you ve got a loved one in the military who is home now and a veteran looking for work, a series of websites designed especially for that group. hopefully it will help. high school students in one city can stay there for college, and not pay a dime towards tuition. soun