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Entries in University of Colorado-Boulder (1)

Monday
Jan172011

College Student Pays Tuition in Dollar Bills

Photo Courtesy - Getty Images(DENVER) -- University of Colorado-Boulder student Nic Ramos made his point about the rising cost of education Friday morning when he paid his $14,000 tuition entirely in $1 bills, reports Denver ABC affiliate KMGH.

The 20-year-old economics major packed 33 pounds of cash that he had withdrawn from several different bank branches over two days into a duffel bag and delivered the cash to the CU business office Friday morning.

The large cash payment has drawn an even larger amount of attention since the Boulder Daily Camera posted an interview with Ramos on YouTube.

"It might seem like it's kind of a useless cause," Ramos said in the video.  But, he said, "Just the sheer volume [of cash], just looking at this really sends a message.  Money does talk.  Tuition is extremely high for out-of-state [students] and it's only going up for in-state [students].  Maybe...people will kind of think of how much it really does cost to go to CU."

Ramos continued to tell the Boulder Daily Camera that he wanted to show the school "how much people are willing to give up" and "how much education really does cost for just one semester."

Bronson Hilliard, a spokesman for the university, told The New York Times it took three clerks nearly an hour to count the money.

Copyright 2011 ABC News Radio







ABC News Radio