Lowering costs to attract students isn’t new – but offering a three-year degree program is.

That’s what they’re doing at Lipscomb University, a private institution in Nashville, TN.

If students carry a full load for two summers, as well as during the fall and spring semesters, they can graduate in three years in 54 of the university’s majors.

This means a savings of more than $10,000 in tuition, room and board. Students participating in the three-year program would also receive a $1,000 incentive, which they can apply toward school costs or study-abroad expenses.

The wrinkle in the plan is that students will have to hit the ground running. In other words, they’ll need to choose a career path and major by the time they set foot on campus as freshmen.

Is that a reasonable expectation? What do you think? Let us know in the comments section below.

Tags: Lipscomb University, tuition