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As President Obama sells his proposal that community college should be free, one philanthropist is arguing the idea should extend to the first year of college in general. Steven B. Klinsky, a financier who founded the private equity firm New Mountain Capital, wants students to be able to take freshman-level courses through the massive open online course provider edX and -- if they pass subject exams -- start college as sophomores. Klinsky on Wednesday announced a $1 million donation to support the effort, The Washington Post reported.
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