The average freshman at a private college paid nearly half the sticker price this year as schools increased their tuition discounts, a strategy that some higher education experts fear is putting small institutions in financial jeopardy.
Tuition discount rates — the percentage of tuition revenue schools hand students in the form of grants — reached an estimated 49 percent for full-time freshmen in the 2015-2016 academic year, up from 47 percent a year earlier and the highest level on record, the National Association of College and University Business Officers (NACUBO) said Monday. The association surveyed 401 private, nonprofit four-year colleges and universities for its annual report.
Read more at The Washington Post: https://www.washingtonpost.com/news/grade-point/wp/2016/05/16/private-colleges-are-offering-deeper-discounts-the-average-freshman-now-pays-nearly-half-price