The University of Dayton has garnered national attention for its new guarantee, which locks in the net price of attending the private college for all four years.
It is not freezing tuition, but Dayton has pledged to students that scholarships and grants will grow each year to cover any tuition increases.
Financial aid offers sent to each prospective first-year student in March will consist of a two-page prospectus clearly detailing all costs -- including tuition, room and board as well as expenses usually not outlined to students, such as books and transportation.
The prospectus lists scholarships and other grants that student could receive as well as options on how to pay the final cost, including payment plans, work-study income and loans.
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