Despite the net price for private colleges falling by 11% in the past five years, nearly one-third of parents and students believe that a college education is overpriced. This one simple tactic can be to blame.
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.
Small, private institutions that lack "brand name," competitive edge and financial aid resources are in danger of closing around the country. One expert weighs in on how these schools can get their act together.
As the saying goes, you have to spend money to make money, and EAB senior director Dr. R. Fleming Puckett believes that quitting philanthropy efforts in times of crisis will prove more costly than fueling schools' "revenue growth engine" with finances and resources.
Data indicates that students in certain college towns have higher levels of stress than others. The University of California in Berkeley, CA, for example, is known for its reputation as the "workaholic" UC campus, thus making it the most stressed college town in the U.S.
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.