Tuition Discount Rates Hit New High — from insidehighered.com by Josh Moody
According to a new NACUBO study, private college tuition discount rates hit a record 56.2 percent, continuing a pattern of annual increases.
College prices aren’t skyrocketing—but they’re still too high for some — from brookings.edu by Phillip Levine
If we do not find better ways to track college costs for students with different family financial circumstances, we will not easily know if that happened. Students and their families will continue to make one of the most important financial decisions of their lives half in the dark.
Addendum:
Private colleges’ tuition discount rates continue to hit record highs — from highereddive.com by Jeremy Bauer-Wolf
Dive Brief:
- The average tuition discount rate for full-time first year students attending private nonprofit colleges reached a record high of 56.2% in the 2022-23 academic year, the National Association of College and University Business Officers said Monday.
- This represents a more than 2 percentage point increase year over year. Average tuition discount rates for all private college undergraduate students also continued to rise, reaching another record high, 50.9%, that year, NACUBO said in its newly released annual report.
- After adjusting for inflation, private colleges’ net tuition and fee revenue fell by 5.4% per first-time undergraduate and by 5.9% across all undergraduates, NACUBO found.