updated 2/5/2007 8:15:02 AM ET 2007-02-05T13:15:02

One student next term at Oklahoma Wesleyan University may have paid a lot less for tuition than his or her classmates.

The university on Saturday kicked off an eBay auction of a year of tuition, room and board at the private college. The bidding had reached $4,425 by 11 p.m.

Bidders can buy the tuition for themselves or someone else. Among the bidders will be current students at the school, which has an enrollment of about 1,030 students.

A year of tuition, room and board at Oklahoma Wesleyan costs about $23,000. The bidding will be open through Saturday.

"I think it's a really neat idea," junior Emily Wright said. "I don't know why anybody wouldn't bid."

Mike Colaw, the university's special assistant to the vice president, said the school is looking to "create a buzz" surrounding the auction.

The tuition recipient must meet the university's admission requirements.

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