Discounting the College Expense Bottom Line

Kevin Kiley:

Private colleges and universities discounted tuition at unprecedented levels during the recession in a way that slowed down or reversed the growth in net revenue from tuition, according to a new report from the National Association of College and University Business Officers.

The discount that surveyed colleges and universities offered for full-time, first-year students through grants and other forms of need-based and merit aid hit an all-time high of 42.4 percent in 2010, a jump from about 39 percent in 2007. The report estimates that 88 percent of students at the institutions surveyed received some institutional aid, and those students paid about half of the college or university's sticker price.

Posted by Jim Zellmer at May 25, 2011 1:23 AM
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