5 Colleges That Are Slashing Tuition Costs

Tuesday, January 3, 2012

As the cost of a college education rises every year, more young people, and their parents can hardly afford the expense of attending an institution of higher learning. Although college costs vary widely, with thousands of dollars in the difference between the most expensive to the least expensive schools, the trend over the past several years has been upward.

Currently, however, a plateau seems to have been reached among certain colleges. A stagnant economy and declining attendance has prompted some colleges and universities to cut tuition costs for the first time in many years. College bound students and their parents are urged to diligently and persistently search the internet and other sources for the best college and university deals. There's most likely a school with an affordable tuition, desirable location and an undergraduate program that satisfies a student's needs.

Most colleges, including those with relatively high tuition, offer financial aid, grants and scholarships to help finance a student's education. Keep in mind that most students get some form of financial aid - about $178 billion in 2010-2011 - according to the College Board's Trends in College Pricing 2011 and Trends in Student Aid 2011.

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