HigherEdMorning.comNew trend: Schools reducing costs?

New trend: Schools reducing costs?

March 7, 2011 by Jacob Hawley
Posted in: Admissions & Financial Aid, Enrollment, Finances, In this week's e-newsletter, Latest News & Views

While most colleges are reeling from ever-rising costs, one university found a way to drop its price tag. Here’s how: 

In an effort to boost affordability and accessibility, Tennessee’s Sewanee University of the South will be reducing tuition and fees by 10% – about $4,600 – for the upcoming school year.

The university cites recent surveys reporting that families struggling under the current economy place education and job prospects at the top of their concerns list. By reversing the trend of increasing tuition to stay afloat, Sewanee expects to boost enrollment to 425 freshmen in the fall.

While this will likely alter how financial aid is administered to current students, the school insists no student will pay more next year than they pay now – and most will actually pay less.

Do you think this tuition-dropping trend will spread among colleges? Let us know in the comments section, and don’t forget to follow us on Twitter.

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