The offer is funded by a $100 million donation to the school from the foundation started by Intel Corp. co-founder Gordon Moore and his wife, Betty. Those dollars helped establish the school and will cover tuition costs for students during the next decade.
It's uncertain how many students will be in the inaugural class and benefit from the offer, but the school has capacity for 450 students. Master's degree students will get about $34,000 over five quarters, while doctoral students will receive at least $240,000 for their education.
UC San Francisco, which also has benefited from the Moore foundation, established a similar program in 2003.