Moody's Positive On Wesleyan's Tuition Policy Shift

Ann McClure's picture

Moody's Investors Service on Monday suggested Wesleyan University's shift away from its admission policy of accepting students regardless of their financial means could be the model for other small private colleges.

Colleges that use the so-called "need-blind" policies give students scholarships and other financial aid, though many have to take out burdensome loans to attend.

The Connecticut university, which announced the measure in late May as part of a three-pronged plan to improve its fiscal sustainability, will begin with the class of 2014.

Wesleyan also plans to tie tuition increases to inflation and to offer three-year degrees that could save students as much as 25 percent on tuition, according to university spokesman David Pesci.

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