A prominent banker has arranged free tuition for a Wisconsin school's graduates by offering to pick up the cost of a two-year degree for an entire class, a principal revealed Tuesday.
Businessman Dennis Frandsen will fund two years of technical college for 34 graduating seniors of Luck High School, KARE-TV noted.
This is the second time Frandsen has offered to pay for students to further their studies.
Last year he funded a two-year scholarship for 59 graduates of Rush City High School in Minnesota.
He noted that it was the top students who generally receive scholarships, which left him wondering about the average student.
"Are we just going to forget about them?," he said, according to KARE-TV.
Frandsen said he was an average student, but went on to build a successful empire at Frandsen Corporation.
Having grown up on a dairy farm in Wisconsin, Frandsen attended school in a one-room schoolhouse, according to his company website.
Upon graduating he decided to earn money logging on his family farm and selling the lumber — a venture that proved to be successful.
In the years that followed, Frandsen would go on to invest his money in numerous business ventures before founding Frandsen Financial Corporation, which now features 35 branches.
Luck High School Principal Brad Werner revealed the news to the students during an assembly Tuesday.
"It was a fun experience for me to share this experience with the seniors and watch their faces and their eyeballs get big," he said, according to CNN.
"I'm sure that regardless of a family's situation it's going to be quite a relief for some of them to think 'Wow, we can make this work and we don't have to think quite as hard about it anymore,'" he added.
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