A college takes a gamble by cutting tuition 42%

[otis]

http://www.syracuse.com/schools/ind...gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

 

[beast of the east]

http://www.syracuse.com/schools/index.ssf/2015/09/a_cny_college_is_taking_a_gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

College tuition is unbelievably out of control, but how can a decrease in tuition of 42% by offset by an increase in freshman class by 13%? There would still be a gigantic revenue deficit, no?

 

[fun]

http://www.syracuse.com/schools/index.ssf/2015/09/a_cny_college_is_taking_a_gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

College tuition is unbelievably out of control, but how can a decrease in tuition of 42% by offset by an increase in freshman class by 13%? There would still be a gigantic revenue deficit, no?

In the time it took you to pose that question you could have read the article and answered it yourself.

"Right now, 61 percent of the tuition revenue coming from freshman is grants and subsidies directly from the college's pockets."

 

[beast of the east]

http://www.syracuse.com/schools/index.ssf/2015/09/a_cny_college_is_taking_a_gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

College tuition is unbelievably out of control, but how can a decrease in tuition of 42% by offset by an increase in freshman class by 13%? There would still be a gigantic revenue deficit, no?

In the time it took you to pose that question you could have read the article and answered it yourself.

"Right now, 61 percent of the tuition revenue coming from freshman is grants and subsidies directly from the college's pockets."

Yea you are right, I just read the excerpt that Otis posted. You live near there, don't you?

 

[fun]

http://www.syracuse.com/schools/index.ssf/2015/09/a_cny_college_is_taking_a_gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

College tuition is unbelievably out of control, but how can a decrease in tuition of 42% by offset by an increase in freshman class by 13%? There would still be a gigantic revenue deficit, no?

In the time it took you to pose that question you could have read the article and answered it yourself.

"Right now, 61 percent of the tuition revenue coming from freshman is grants and subsidies directly from the college's pockets."

Yea you are right, I just read the excerpt that Otis posted. You live near there, don't you?

I am happy to blame Otis for eliding key details. Not particularly near, no.

 

[beast of the east]

http://www.syracuse.com/schools/index.ssf/2015/09/a_cny_college_is_taking_a_gamble_by_cutting_its_tuition_42_percent.html

Utica College announced this morning that it is cutting its annual tuition by 42 percent, from $35,514 in 2016 to $19,996. The small, private college expects to lose $2 million in the first year, but it expects to more than make up the difference in the years to come.

Todd Hutton, the college's president, said the change will reduce the sticker shock that many parents and students have when seeing the tuition price. "That price scares families away," Hutton said.......

.......Utica College would spend less of its own money to pay the tuition of students who can't afford the full price. It expects to make up the lost revenue through increased enrollment, which would come as a result of the college appearing to be more affordable......... Utica College expects to grow its freshman enrollment from 550 to 625, and possibly more........

College tuition is unbelievably out of control, but how can a decrease in tuition of 42% by offset by an increase in freshman class by 13%? There would still be a gigantic revenue deficit, no?

In the time it took you to pose that question you could have read the article and answered it yourself.

"Right now, 61 percent of the tuition revenue coming from freshman is grants and subsidies directly from the college's pockets."

Yea you are right, I just read the excerpt that Otis posted. You live near there, don't you?

I am happy to blame Otis for eliding key details. Not particularly near, no.

Thanks for pointing it out. Hope you had a good summer.