Despite offering steep tuition discounts to more students, many small, private colleges are not only losing net tuition revenue but also failing to yield sufficiently large enrollment increases to make up for the losses, according to a new study. In 2012, 58 percent of small, private colleges offered institutional grant aid to at least 95 percent of incoming students, up from 35 percent in 2003. Those grants averaged 36.5 percent of tuition and fee dollars in 2012, up from 31.7 percent in 2003. If the practice "goes unchecked, the financial viability of institutions is heavily at risk," said the study's co-author. The practice could also be undermining schools' efforts to enroll students or minority or low income, she said.
The Chronicle of Higher Education (04/28/17)
More news related to the business of independent schools
Listen to the latest episode of the Net Assets podcast.
