A handful of colleges are lowering tuition to help students and their families through these tough economic times.
Cabrini College in Radnor, Delaware County announced a bold move to drop tuition by 12.5 percent, effective Fall 2012. This reduction means costs would drop from $33,000 to $29,000, according to school officials.
Cabrini also pledges to keep tuition and fees below $30,000 through May 2015.
“Cabrini College is financially strong and students will continue to experience the same extraordinary programs and faculty,” said Cabrini President Marie Angelella George.
Cabrini says this move is the right thing to do, and hopes it will help attract new applicants.
“While other colleges have reduced tuition and fees recently, we believe that Cabrini College is the only institution to do so without reducing the dollar amount of scholarships for returning students,” said Dennis Kelly, vice president for Enrollment Management at Cabrini.
Cabrini College is one of five schools in the U.S. planning to lower tuition next fall, by 10 percent or more, according to a recent report by CNN Money.
One of the most dramatic cuts will happen at Seton Hall in South Orange, NJ, but it’s not an across-the-board drop. Seton Hall will lower tuition by 60 percent for students who meet specific academic requirements.
Other schools slashing tuition according to CNN Money, include Lincoln College in Illinois, University of Charleston in West Virginia, and Sewanee: The University of the South in Tennessee.