Colleges find new way to cut costs

CNN Money reports that a growing number of colleges are taking extreme measures to attract more students by cutting tuition or speeding up the rate at which they graduate:

While some private colleges are introducing double-digit percentage cuts in tuition or freezing prices altogether, other schools are offering three-year degree programs or four-year graduation guarantees.

In part, these schools are responding to consumers’ concerns about the rising cost of college, said Tony Pals, spokesman for the National Association of Independent Colleges and Universities. “These types of initiatives have been used to some degree in the past, but have become increasingly prevalent since the economic downturn — and we expect to continue to see them spread,” he said.

But colleges have their own motivations as well. By offering a more competitive price, they are ultimately hoping to attract more students — and increase their bottom line, said Mark Kantrowitz, publisher of financial aid website Finaid.org.

Will this actually work?  Is it what students are looking for?

Find out more:

http://money.cnn.com/2012/03/22/pf/college/cost-cutting/index.htm?iid=Lead

 

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About UWF Center on Aging

The Center on Aging at the University of West Florida was established in the Fall of 2010 when the School of Psychological and Behavioral Sciences faculty along with assistance from Sponsored Research submitted a grant to the State University System Board of Governors in support of aging initiatives for Northwest Florida. Its mission is to improve the quality of life of aging adults through the application of science to address challenges associated with aging and to promote healthy aging, with an emphasis on prevention. This will be accomplished through inter-disciplinary and inter-professional efforts of basic and applied research, consultation, and partnerships with community agencies. Education and training, direct services to the aging population, and public awareness and understanding of the contributions and needs of elders will be primary objectives.
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