(from Inside Higher Ed) Cut tuition, raise more money overall? That's the thinking of at at least eight additional colleges and universities whose tuition will drop sharply next year, according to announcements made between September 5 and September 15.
"On the surface, the increasing popularity of price cuts — called tuition resets in the world of college enrollment — would seem to be a clear win for students and their families who have been squeezed for years by published tuition marching steadily higher. It would also seem a blow against colleges and universities, an acknowledgment of diminished pricing power and an admission they will have to charge students less.
"Dig deeper and the reality is vastly more complex. Most institutions are actually banking on tuition resets as a way to attract more students in order to raise the overall amount of tuition money they collect. Yet the only guarantee when a college resets tuition is that its wealthiest students will end up paying less."
Read more at Inside Higher Ed.
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