At most places, college costs and tuition are increasing, making higher education less and less affordable for students and their families. But before you throw in the towel–seriously! Don’t stop reading quite yet–there are some private institutions that are coming down on tuition to help meet their students’ needs. Just as college-bound students are struggling to pay for college, colleges are struggling to get students to apply with such high price tags attached to their names. To get more applicants, colleges are attempting new programs to specifically appeal to you!
According to SmartMoney, there are at least six colleges that have announced that they plan to reduce tuition for the upcoming 2012-2013 school year. These schools hope that by lowering their tuition, they will attract students from middle-income families whose income keeps them from qualifying for federal financial aid, but is also not enough to pay for college without going into dangerous debt.
Here are six private colleges that are slashing prices in a big way for the upcoming school year:
Tuition cut: 12.5%
Lower tuition and fees in 2012-13: $29,000
Tuition and fees in 2011-2012: $33,176
Quick fact: Cabrini College was one of the first American colleges to make community service a graduation requirement for all undergraduates, which is a central focus in their curriculum.
Tuition cut: 24%
Lower tuition and fees in 2012-13: $17,480
Tuition and fees in 2011-2012:$23,000
Quick fact: Lincoln University was the first institution named for Abraham Lincoln and the only one during his lifetime. It is one of few private two-year residential colleges in the U.S. Most students at Lincoln College receive the Associate of Arts Degree and then transfer to a four year college.
University of Charleston
Tuition cut: 22%
Lower tuition and fees in 2012-13: $20,700
Tuition and fees in 2011-2012: $26,200
Quick fact: 25% of students who start at UC and stay through graduation get their degrees in less than four years, and an additional 10% proceed to graduate school before receiving an undergraduate degree.
William Peace University
Tuition cut: 7.7%
Lower tuition and fees in 2012-13: $23,900
Tuition and fees in 2011-2012: $25,900
Quick fact: William Peace University is one of the oldest institutions of higher education for women in the United States. In North Carolina, it is only predated by Salem College, which was founded in 1772.
Tuition cut: For freshman who enroll in the School of Education, they will receive a grant for 50% of their tuition.
Lower tuition and fees in 2012-13 (for education students): $14,355
Tuition and fees in 2011-2012 (for education students): $28,671
Quick fact: A Catholic university, Duquesne is the only Spiritan institution of higher education in the world. The university’s living alumni includes two cardinals and the current bishop of Pittsburgh.
Seton Hall University
Tuition cut: approximately $21,000 for incoming high-achieving freshmen
Lower tuition and fees in 2012-13: $10,104
Tuition and fees in 2011-2012: Around $31,000
Quick fact: Seton Hall’s Stillman School of Business is repeatedly ranked as one of the top undergraduate business schools in the nation according to BusinessWeek.
Do these price slashes appeal to you or change your mind on colleges? Leave a comment in the section below!