Good Morning Customers—College Is Now Half Off!

Add the Richmond, Indiana Quaker giant, Earlham College, to the list of endangered liberal arts species. You’ll find it right before Evergreen State College.

Paragraph to ponder:

“Nationally, the average tuition discount rate for first-time, full-time students climbed to an estimated 49.9 percent in 2017-18, according to a report by the National Association of College and University Business Officers. As a result, even as colleges have increased tuition, the net revenue per student has declined.”

If you’re shopping for a college, and they tell you tuition/room and board is $50,000/year, please understand that’s only the STICKER PRICE.

Only suckers pay sticker price.

If you’re an average negotiator, say half as good as St. Don, you should pay $25,000 out-of-pocket.

We should stop saying college tuition is going up and instead say where colleges are starting their negotiations with families is going up. Where will this ever increasing discount rate arms race end? Earlham and Evergreen are just a few of the growing number of canaries in the cave.

One thought on “Good Morning Customers—College Is Now Half Off!

  1. I’ve always felt the term, ‘canaries in the cave’ is ominous. In this case, reduced tuition will be welcomed by some, and feared by others. I hope it doesn’t predict the end of colleges, as we know them.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s