Tuition

The Payment Plan

Managing and marketing tuition installment plans for the benefit of students, families, and the institution

The cost of a college education continues to rise, despite declining consumer ability to pay for it. And with 70 percent of college students and parents agreeing that college is needed now more than ever, according to Sallie Mae’s “How America Pays for College 2012,” finding an affordable institution is key. The College Board’s annual report on “Trends in Pricing” states that the total cost of attending a four-year public university rose 6 percent in-state and, at four-year private universities, costs rose 4.4 percent in the last year.

Tennessee school pays it forward with money management program for undergrads

Loan defaults decrease at Tusculum College through implementation of Inceptia’s student success analysis

In the world of federal student loan repayment, graduates have the upper hand. So do young adults well-schooled in the ways of money management.

Tusculum College in Tennessee understands that, particularly since working with the experts at Inceptia—leaders in financial education, default aversion and financial aid management services. Inceptia’s mission is to increase the financial aptitude of students, improve graduation rates and provide financial education and financial aid management services. Inceptia’s goal: 100 percent repayment of federal student loans. 

Industry Briefs

Higher One has achieved Oracle Validated Integration of its CASHNet payment processing suite 2012.2 with Oracle’s PeopleSoft Campus Solutions 9.0. With this integration, colleges and universities, as well as students and parents, are able to easily process payment anytime, anywhere using the CASHNet payment processing suite. To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers.

Financial literacy to the rescue: Teaching students what they owe before they owe it

American Student Assistance’s SALT program helps Indiana students manage their debt.

Jack Gochenaur was hearing scary stories around campus. Some financial aid students didn't know whether they'd received loans or grants to pay for their education. Many had no idea what they'd need to earn to meet their monthly loan payments.

"I have students who reach their senior year and during exit counseling, it's the first time they know how much money they owe," said Gochenaur, Chief Financial Officer/Treasurer of Manchester College, a 1,300-student liberal arts college in North Manchester, Indiana.

Something, he realized, had to change.

Keeping Tuition Within Reach

Moving past the traditional university structure to help students

As college acceptance letters began popping up in mailboxes across the country this year, incoming students were left once again with the daunting task of choosing the right school. While cost has always been a consideration, more students than ever before are now considering it as a key factor—not only in terms of which school to attend, but whether they go to college at all.

Tuition Trends

Mount Holyoke College (Mass.) announced that it will not raise tuition or room and board for the 2012-2013 academic year, holding prices at the 2011-2012 rate—and making next year the first since 1968 that Mount Holyoke has not experienced an increase in the cost of attendance.

Politics and Higher Ed

The President and frontrunner candidates on tuition costs

When President Obama called for more college graduates during his 2009 State of the Union Address, higher education leaders embraced the challenge. His 2012 speech challenging colleges and universities to control tuition—and adding there would be dire funding consequences if they didn’t—was not as well received.

Net Price Calculator, Six Months In

How NPCs are being used and what it means for institutions

Six months into the net price calculator (NPC) requirement, the experiences of many colleges and universities can be best described as “a mixed bag.” Questions or concerns that numerous schools expressed as they put together their plans for the NPC launch have not necessarily been answered: Will the phones start ringing off the hook? How accurate will comparisons be? What is the best location on our website: Should we highlight the NPC or bury it in a hard-to-find spot?

Taking Up the Challenge

How to accomplish the president’s demand to stifle rising college costs

President Obama put the rising cost of a college degree in the national spotlight during his State of the Union address January 24. Colleges and universities can take up the president’s challenge to keep tuition costs down by investing in programs, teaching methodologies, services, and support that are proven through a rigorous controlled study to have a positive impact on student outcomes.

Committing to Lower Tuition Increases

Very few colleges and universities have actually cut their tuition, according to a National Association of Independent Colleges and Universities survey of members released in June. Other measures have been taken, though. Some institutions have frozen or allowed buying of four years, including Catawba University (N.C.) and the Sage Colleges (N.Y.). Others have committed to lower tuition increases than in the past. For example, 2011-2012 tuition rates at these colleges have gone up modestly:

Pages