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Private Colleges Focus on Affordability
New campus affordability measures are helping to keep students' and families' out-of-pocket costs as low as possible. Tuition cuts and freezes, three-year degree programs, and more. Complete list
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NAICU Daily News Update - October 19, 2012
Colleges Cut, Freeze Tuition for Fall 2013
U.S. News and World Report, October 19, 2012
Fall 2013 is still a year away, but some colleges have already announced tuition cuts and freezes for next year's students. "The simple trend line is that both phenomena are increasing," says David Warren, president of the National Association of Independent Colleges and Universities. "Colleges are ... actively looking at the question of cutting tuition and then locking it in over some period of time."
Morehouse College cuts spending after enrollment drops
Atlanta Journal-Constitution, October 18, 2012
Morehouse College says it will furlough faculty and staff and make other budget cuts because of a drop in enrollment. The Atlanta college is teaching 2,360 students -- about 125 fewer than projected, Interim Provost Willis Sheftall said Thursday. He attributed the drop to the sluggish economy and changes to a federal loan program that has led to enrollment declines at historically black colleges around the country.
Thomas More College president to retire
Cincinnati Enquirer, October 18, 2012
Sister Margaret Stallmeyer will retire next summer as president of Thomas More College. She has been president of the Catholic liberal arts college since 2004. Since then, enrollment has increased by 20 percent, to about 1,800 and Thomas More has added 10 new bachelor's degree programs. Stallmeyer met Thursday morning with TMC trustees, faculty and staff to tell them about her retirement plans.
More Debt, Fewer Jobs: How the Candidates Plan to Solve Rising Costs of College
PBS NewsHour, October 18, 2012
Data released today shows two-thirds of the class of 2011 had loan debt that averaged $26,600. That was up 5 percent from the previous year. The Institute for College Access and Success also cited studies showing that more than one-third of recent graduates have jobs that do not require a college degree at all. Indeed, in Tuesday's presidential debate, Republican Mitt Romney pointed to other research that the disparity between jobs and degrees is even worse.
Once havens for jobless, for-profit colleges now face own downsizing
Washington, D.C., Times, October 18, 2012
Plummeting enrollment and steep declines in stock values have begun to reverse years of growth for schools that fashion themselves as no-nonsense, career-education alternatives to traditional higher education. Despite the grim news, industry leaders say the future of for-profits remains bright, and that the Phoenix move and others represent a "right-sizing" for the sector after rapid expansion during the Great Recession.
Angst, indecision for college voters
MSN.com Money, October 18, 2012
Young voters represent the largest bloc of still-undecided voters, with as many as 10% or more still unsure how, or even if, they'll vote, say analysts. Chief among these voters' concerns are jobs and the economy. Students who graduated from college in 2010 had a 9.1% unemployment rate, the highest in recent history, according to The Project on Student Loan Debt. And two thirds of those at four-year colleges or universities graduated with debt.
Morris Brown College president: We are challenged by leadership, including myself.
Washington Post - The Root DC Live Blog, October 18, 2012
A couple months back I wrote an op-ed for The Washington Post on the dire situation at Morris Brown College. The institution has lost its accreditation, is $30 million in debt, and has an enrollment of only 50 students. After reading the op-ed, the president of Morris Brown, Stanley Pritchett, contacted me. During our conversation, I asked Pritchett if I could interview him about the situation at his school. He agreed.
Franklin & Marshall Caps Loans for Middle-Income Students
Chronicle of Higher Education, October 18, 2012
Franklin & Marshall College has created a new program that will cap the federal loans it includes in the aid awards of students from middle-income families, the college announced on Thursday. Franklin & Marshall was unusually frank in its announcement that the program is an experiment designed to help it attract more students from a particular income band--and that the students could still take out more loans than the college packages for them.