College tuition has been growing at roughly double the rate of inflation for decades. At last, the trend of annual tuition hikes appears to be cresting.
“The company will make an initial investment of $50 million in a new and ongoing education program specifically designed to cover tuition costs for hourly employees—a result of the recently enacted tax reform and representing a total allocation of more than $175 million in this fiscal year.” Continue reading.
The finalized version of the Tax Cuts and Jobs Act that President Trump signed into law poses less of a perceived threat to higher ed than the bill that passed the House.
Proponents say that people who use education-savings accounts will benefit from deductions in student loan interest.
Critics, however, predict that the doubling of the standard deduction will result in fewer philanthropic contributions to colleges and universities. —Steven Wyman-Blackburn
BEREA, KENTUCKY—President Lyle Roelofs likes to buy running shoes for his students at Berea College—as long as they get some exercise with him twice weekly before class.
Alumni participation is falling at a precipitous rate, the number of mid-level major gifts are flat, and annual fund support has struggled to keep pace with inflation.