News out this week reveals that private colleges and universities are discounting tuition at a record rate.
The National Association of College and University Business Officers, in their annual study, reported that the average tuition-discount rate for the 2018-19 academic year was about 52 percent for first-time freshmen.
So, when looking at private colleges, we have to look beyond the published Total Cost of Attendance, which sometimes exceeds $70,000 per year. Cost reductions come for two reasons:
For more on this, here is the link to the article, https://www.chronicle.com/article/Private-Colleges-Set-New/246281