Tuition Increase Rate Lowest in 40 Years – OnlineBusinessDegree.org
Tuition at private not-for-profit colleges and universities increased at the lowest rate in at least four decades for the 2012-2013 academic year, according to a survey released by the National Association of Independent Colleges and Universities (NAICU).
The survey found that private college tuition rose 3.9%, making this the fourth consecutive year the percentage increase has remained below pre-recession rates. It’s also the first time in at least four decades that the increase has been less than 4%.
Additionally the report found that institutional student aid at private colleges increased 6.2%, down from previous years, in which it was 7%, 6.8%, and 9%, respectively.
The report highlighted several of the affordability measures private colleges have implemented in recent years, which include tuition cuts, tuition freezes, guarantees of fixed tuition, and the introduction of three-year degree programs.
The survey includes responses from 445 private colleges and universities about published tuition and institutional student aid.
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