Last year brought in the largest freshman class Bethune-Cooman had seen in more than 10 years and a 34% net tuition increase. With federal aid drying up in June, however, they intend to capitalize on an unexpected spark.
Inflation, decreased school endowments and state budget cuts are causing university tuition to rise by up to 9%. As a result, most colleges are choosing to pump up their financial aid packages and scholarship programs to cushion the blow to students.
It behooves most colleges and universities to analyze the financial contribution of their student-athletes by sports teams. Adding or removing a team could substantially impact an institution’s tuition revenue, financial aid, and instructional expenses.
Young adults aren't as readily pulled toward a degree in higher education as they once were, and colleges need to stay on pace with them if they aren't looking to be left behind.
Holy Names University had "struggled to remain" open as administrators sought a merger as they grappled with rising operational costs, declining enrollment, and students' increased need for financial aid.
Recessions typically lead to an uptick in enrollment, but the aftereffects of the pandemic are injecting yet more uncertainty into how hard the expected economic slowdown will hit colleges and universities.
