Corvinus University of Budapest will continue offering tuition-free courses, the university’s chancellor said. A Corvinus scholarship will be created from the assets of a foundation that will take over the university, enabling tuition-free study, said Lívia Pavlik, who is also ministerial commissioner at the ministry of innovation and technology. The government has already decided on the new model and, accordingly, the Maecenas Universitatis Corvini Foundation will be set up to take over the operational rights of the university, Pavlik told public current affairs channel M1. The university will not operate as a budget-financed body and this will enable it to better adapt to market conditions and react to new challenges, she added. Plans are for the foundation to take over the university from July. The government and the university’s management expect this will make operations more effective and standards higher, ultimately leading to Corvinus belonging to the top 100 European universities, she said.