Soros to Spend $1 Billion on Higher Ed Network

Inside Higher Ed: George Soros, the Hungarian American investor and philanthropist, on Thursday announced the creation of a $1 billion global network that seeks to "transform" higher education.

"The Open Society University Network is a new model of global higher education," the Open Society Foundations, a grant-making group founded by Soros, said in a news release. "It will integrate learning and knowledge creation across geographic and demographic boundaries, promote civic engagement to advance open societies and expand access of underserved communities to higher education."

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