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From The Phoenix Business Journal

The class of 2016 seeking an MBA at Arizona State University may end up getting it free.
ASU officials are taking part of a $50 million donation from the W.P. Carey Foundation from 2003 and turning it into full scholarships for the class of students coming in next year, according to Bloomberg. It will be only for the full-time MBA students.

ASU has one of what are considered the top 100 business schools in the country. The school is taking a risk with the scholarships, but Dean Amy Hillman said they believe helping more than just a few students will be beneficial.

The business school recently increased the number of credits required to graduate for the fall of 2016. The scholarship and the new curriculum will launch with the class starting in 2016.