Shulou(Shulou.com)12/24 Report--

CTOnews.com, December 14 (Xinhua)-- billionaire Elon Musk has moved to Texas in recent years and plans to start a university in Austin, according to tax filings from billionaire Elon Musk's charity The Foundation, according to reports from Bloomberg and Austin American Statesman.

It is reported that Musk donated US $100 million (CTOnews.com Note: currently about 716 million yuan) to set up a new institution, which will first build a primary and secondary school focusing on STEM. After starting operations, the school plans to expand its business and eventually create a university dedicated to the highest level of education, with a focus on mathematics, science, engineering, physics and practical learning, according to a tax exemption application document obtained by Bloomberg.

CTOnews.com Note: STEM education is an interdisciplinary education concept, covering science, technology, engineering, mathematics and other fields, the purpose is to cultivate students' creativity and practical ability.

According to the plan, the school will implement a tuition-free policy at the beginning of its operation, but at a later stage, it will also charge tuition fees for primary, secondary and university, and is expected to award scholarships based on individual needs to admitted students.

The name of the school is not mentioned in this application document. According to the Austin American Statesman, the school will mainly serve students in Austin and surrounding areas, and will also use distance education technology to offer courses focusing on STEM and other topics. The school will also provide students with traditional education, as well as practical learning experiences, including simulations, case studies, manufacturing / design projects and laboratories.

In terms of size, the application documents show that Musk's school is expected to enroll 50 students in its first phase and hopes to hire an executive director, as well as teachers and administrators.

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