For some private colleges, 'tuition reset' seen as necessity

Tim Goral's picture

Worried that sticker shock is scaring cost-conscious students away from their campuses, some small private colleges are slashing their tuition by thousands of dollars.

Converse College in Spartanburg, S.C., is the latest to do so, announcing this month that it will cut tuition next fall 43 percent, to $16,500 from $29,124. Ashland University in Ohio made a similar announcement last month.

They join Belmont Abby College in North Carolina, Concordia University in St. Paul, and Alaska Pacific University in Anchorage, where tuition bills dropped by about a third compared with last year. At least six other colleges made significant tuition cuts last year.

Read more