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Could colleges simply cut tuition?

A private college in New York is asking 42% less from their students starting next year.

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Link to article:

http://fortune.com/2015/09/22/utica-college-tuition-cut/


Utica College in New York is cutting tuition almost in half next year. How will this be sustainable?


The school's strategy focuses on a few key areas that will boost its tuition revenue and make up for the lost revenue from the tuition cuts. They are as follows:

• Increasing the freshman class size and online class enrollment 

• Lowering tuition costs will lead to lower dropout rates

• Decreasing merit based scholarship amounts


If this works for Utica College, we may see other schools doing the same. It is certainly a nice idea, and one that will help both sides if it is successful.



What is a provocation or insight that might inspire others during this challenge?

Even if UC's plan fails, they could still turn out to be the pioneers of an idea that simply needs refinement before it is transformed into a viable solution.

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Photo of Curtis Leister

It's an interesting assumption that lower tuition will lead to lower dropout rates- I would be interested to see how Utica College reached that conclusion!

Photo of Eriks Reks

Makes me wonder how many students dropout of college because they can't pay.

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