Joining a very small group of American colleges, Cabrini College, a Catholic school in Pennsylvania, announced last week that it will cut tuition. This cut will be in place for awhile, too.
According to a press release by the institution:
…Cabrini College has authorized a 12.5 percent reduction in undergraduate tuition and fees, effective fall 2012, and other significant moves to ensure that students and their families can plan for college costs through May 2015.
This plan for affordability, which will increase access for the middle class families Cabrini traditionally has served, includes: Reducing undergraduate tuition and fees to $29,000 for the 2012-13 academic year [and] keeping tuition and fees below $30,000 through May 2015.
That’s a drop of about $4,000. The college also promised to keep merit scholarships at current levels. About 98 percent of Cabrini’s 1,300 undergraduates receive some form of scholarships.
Cabrini emphasized that it was lowing tuition to “help middle-class families.” Students and observers should not, the school stressed, take this as a sign of an impending financial crisis.