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Subject Topic: Belmont Abbey Cuts Tuition Post ReplyPost New Topic
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SallyT
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Posted: Nov 29 2012 at 4:59pm | IP Logged Quote SallyT
The administration announced it to faculty yesterday; today you can read about it on the Cardinal Newman Society blog.
Sally

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pmeilaen
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Posted: Nov 29 2012 at 8:55pm | IP Logged Quote pmeilaen
Interesting, maybe that's what our college here needs to do. Is there any change to the faculty's salary?

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SallyT
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Posted: Nov 29 2012 at 9:28pm | IP Logged Quote SallyT
I don't think so. I sure hope not!

The thinking, as I understand it, is that

a) right now, too many of the kind of students the college really wants are looking at the sticker price and writing it off as too expensive,

and

b) the students they do have are largely there on financial aid of various kinds; almost nobody pays full tuition anyway.

So, the idea is to close the gap between tuition price and what a family can pay to the greatest extent possible, to reduce the amount of financial aid the college has to offer (though it will certainly still be offered). This may well end up costing the college less money in the long run -- that's the hope, anyway. And they do want to attract kids from . . . well, the kinds of families on this forum, for example: large homeschooling families who've done a good job of educating their children but don't have the resources for expensive college educations, especially many times over. That really is the target demographic.

I thought folks here would be interested in this development!

Sally

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pmeilaen
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Posted: Nov 30 2012 at 10:54pm | IP Logged Quote pmeilaen
SallyT wrote:


b) the students they do have are largely there on financial aid of various kinds; almost nobody pays full tuition anyway.

Sally


That is the same here, but they haven't done anything in terms of changing the "official" tuition.   

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