Link to article:
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.