Gates Foundation to Bankroll Creation of 70 'Early College' High Schools

The Bill & Melinda Gates Foundation announced that it will spend $40-million to create 70 small high schools that will award both diplomas and associate degrees.

What the foundation calls "early college" high schools are designed to keep students from dropping out of high school or quitting college as freshmen. The program was unveiled at a news briefing at the City University of New York's LaGuardia Community College.

"The last years of high school are some of the most

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