Middlebury College is ready to abandon its attention-grabbing effort to hold down prices.
In 2010, the Vermont liberal arts college announced it would not raise its sticker price more than one percentage point above the rate of inflation. Last year, the college began to back away from the plan. Now it seems likely to abandon it altogether.
In an interview with the student newspaper, President Ronald D. Liebowitz, who was there when the arrangement was announced five years ago and plans to step down this year, said the college simply had to move away from its plan.
The private college's policy attracted considerable praise. It was designed to acknowledge that even the wealthiest families would question the price of a liberal arts degree at a certain point.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/02/16/middlebury-set-abandon-plan-tied-tuition-inflation-keep-down-prices