Some U.S. Colleges Cut Tuition, Ending Relentless Price Spiral
Hold on to your mortar board: the cost of a U.S. college education has finally stopped going up.
At least that’s the case at a small handful of liberal arts colleges that need to lure students in the middle of a pandemic.
Oberlin College, in Ohio, has cut its tuition by $10,000 for all new students. Nearby Denison University is offering an even better deal for Ohio residents: a $100,000 scholarship over four years. And Davidson College, in North Carolina, has frozen its tuition for the first time in a quarter-century.
The Covid-19 pandemic has upended college life -- and college finances -- for millions. Now, in a sign of what might lie ahead, it also has begun to check the relentless rise in prices that has strained family finances and pushed the nation’s combined student debt to over $1.7 trillion, as admission deans stare down fewer high school graduates.
Read more: https://www.bloomberg.com/news/articles/2020-12-18/some-u-s-colleges-cut-tuition-ending-relentless-price-spiral