Tuition Reset Strategy

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Tuition Reset Strategy

Postby Rogobob77 » Wed Aug 16, 2017 2:17 pm

Here's a recent article about colleges that have employed or are considering a tuition reset strategy:

https://www.insidehighered.com/news/201 ... ion-resets

With the sticker shock of private college tuition freightening a number of potential students away, some schools have employed a strategy of lowering tuition and restructuring financial aid awards. Detroit Mercy's tuition is now around $42K, but on average 65% of students' costs are covered by financial aid. Heard today that the University received a grant to hire a consulting firm with special expertise on tuition reset to explore whether or not this approach might make sense for Detroit Mercy going forward.
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Re: Tuition Reset Strategy

Postby uofdmik2008 » Wed Aug 16, 2017 2:29 pm

They are hoping that it will be in effect for the 2019 school year, the thought process is that a lot of students and parents do not apply to Detroit Mercy due to the initial sticker shock, so they do not pursue us any further and do not realize that a good portion of those costs may in fact be covered by institutional scholarships or financial aid.
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