NEW YORK
Students who do well on Advanced Placement exams will be rewarded with cash under a new plan financed with $1 million in private funds.
High school students who get a top score of five on the exam will get $1,000. A score of four will earn $750, and a three will be worth $500.
Passing an A.P. test allows students to earn college credits while in high school.
The program is the brainchild of hedge fund manager Whitney Tilson.
“We believe that aligning rewards with achievement is important. It works,” Tilson told The New York Sun reported.
The Department of Education was scheduled to make the announcement at a news conference Monday.
