Tuition-Free Colleges

Students and parents obsessing over how they are going to pay for college might want to consider one of higher education's greatest secrets: tuition-free colleges. Although these schools are few and far between, they remain an attractive option for students looking to walk away from college debt-free. Most were founded nearly a century ago and are able to offer students zero tuition because of hefty endowments and magnanimous donors.

These colleges range from liberal arts schools to ones that specialize in engineering, art, and music. Some come with unusual work-study requirements—such as requiring students to put in time on the school's dairy farm—or mandatory campus activities. Students who attend these schools can save as much as $32,000 or more in tuition each year, savings that can add up to more than $120,000 over a four-year period. Not surprisingly, some of these schools are among the most competitive to get into in the U.S.

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