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Tuesday, January 17, 2023
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U.S.|A Sign That Tuition Is Too High: Some Colleges Are Slashing It in Half

https://www.nytimes.com/2022/12/14/us/college-universities-college-tuition-reset.html
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A SIGN THAT TUITION IS TOO HIGH: SOME COLLEGES ARE SLASHING IT IN HALF

Colby-Sawyer in New Hampshire has reduced its tuition to $17,500 a year, from
about $46,000. But the cut is also a recognition that few pay the list price.

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Colby-Sawyer has joined a growing number of small, private colleges in what’s
called the tuition reset. Credit...Kelly Burgess for The New York Times


By Anemona Hartocollis

Dec. 14, 2022
Sign Up for the Education Briefing  From preschool to grad school, get the
latest U.S. education news. Get it sent to your inbox.

NEW LONDON, N.H. — Over the last two years, applications at Colby-Sawyer
College, a small, quaint assemblage of red brick buildings surrounded by three
mountains, fell about 10 percent, hurt by the pandemic and by competition from
less expensive public colleges across the Northeast.

Against that backdrop, Colby-Sawyer made what looks like a radical decision. It
slashed the official price of tuition for the 2023-24 school year to $17,500,
from about $46,000, a drop of 62 percent. Its published tuition is now only
slightly higher than the cost of attending regional public universities.







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