May 7, 2013

HIGHER EDUCATION BUBBLE UPDATE: Colleges Retreat In Tuition Showdown.

Private U.S. colleges, worried they could be pricing themselves out of the market after years of relentless tuition increases, are offering record financial assistance to keep classrooms full.

The average “tuition discount rate”—the reduction off list price afforded by grants and scholarships given by these schools—hit an all-time high of 45% last fall for incoming freshmen, according to a survey being released Monday by the National Association of College and University Business Officers.

But cutting prices via “financial aid” perpetuates price-discrimination, which is the main point of “financial aid” anyway.

Much more here.

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