Yale’s School of Drama to abolish tuition fees after billionaire giveaway


YesAle University’s drama school will no longer charge its students tuition fees after receiving a $ 150 million gift from billionaire David Geffen.

The donation is the largest ever to an American theater company, and the school will be renamed in honor of Geffen, the university ad Wednesday.

“David Geffen’s visionary generosity ensures that artists with extraordinary potential from all socio-economic backgrounds will be able to cultivate their talent at Yale“said University President Peter Salovey.

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Geffen, 78, has a net worth of $ 10.2 billion, according to at Forbes. A college dropout, he owns several record labels and the DreamWorks film studio. Geffen donated the same amount to the Los Angeles County Museum of Art in 2017.

“It is an honor to partner with Yale University to create the first tuition-free drama school of its kind in the country. Yale is well known for having one of the most respected drama programs in the country. So when they approached me with this opportunity, I knew Yale was the right place to start changing the way we think about funding arts education, ”Geffen mentionned.

The school, founded in 1925, offers higher level education in all areas of theater, including acting, production, writing and design, the only educational institution in the English-speaking world to do so.

“Full tuition support for our training will help us attract talent from the widest range of potential candidates possible, and it sends a clear message that Yale is a place where an inspiring mix of talented students can devote their energy. above all to art. This will lead to a more complete representation of our society in all aspects of professional practice, ”said School of Drama Dean James Bundy.

There are currently 200 students enrolled at the David Geffen School of Drama. Due to the pandemic, the school has not admitted a new class of freshmen for fall 2021, so the first class to receive completely free education will be the one registered for fall 2022. Returning students will receive the remainder of their studies free of charge.

Alumni of Yale School of Drama include Paul Giamatti, Lupita Nyong’o and Meryl Streep.

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Yale University did not immediately respond to the Washington Examiner request for comment.