Business Insider web site includes a story about Grace College’s plan to make college affordable. A portion of the article, which was posted yesterday (July 21), appears below. Click here to read the complete story.
This college has a creative plan to make tuition cheaper, and it could be a model for other struggling schools
Grace College and Seminary first started making changes to its school in 2009 after seeing falling enrollment numbers, according to Chronicle of Higher Education reporter Beckie Supiano.
The main change was a three-year bachelor’s degree program. While the accelerated degree attracted more students, Grace still faced challenges and in 2013 began to consider more changes to keep the school afloat.
For the coming academic year, Supiano reports, Grace is debuting a new plan that includes “a modest tuition cut, free textbook rentals, and a price that drops for returning students each year as they progress through college.” Tuition for the year is $22,450.
Explaining Grace’s unusual new pricing model, the college’s president told The Chronicle that the school thought, “If we’re doing something, let’s do it different.”
Click here to read the complete story.