This is all being driven by the pandemic, and I suspect things are only going to get worse for higher education.
CNBC reports:
Colleges are slashing tuition to entice students backWith enrollment numbers plunging, some colleges and universities are taking an aggressive approach to lure students back.One school is slashing the price for first year students to zero.Amid the coronavirus and economic downturn, financial constraints have finally put a limit on what families can afford to pay, while many also contend that remote learning is just not worth the same as face-to-face instruction — causing some would-be college students to rethink their plans altogether.As campuses shut down due to Covid-19, a growing list of universities, including Princeton, Georgetown and Johns Hopkins, offered a 10% discount on tuition for students studying remotely to account for changes in the college experience.Williams College in Massachusetts and Hampton University in Virginia reduced tuition and fees by 15% for the current academic year.“This reduction recognizes the fact that the pandemic and associated challenges are requiring us to cancel winter study as well as fall athletics competition and many student activities, among other opportunities that we usually encourage families to expect as part of their student’s education,” Williams president Maud S. Mandel wrote in a letter to the community.Paul Quinn College in Dallas, slashed the cost of attendance even further after deciding to remain fully online in the fall to $5,996 from the in-person price of $8,321.“We understand that this is a time of great uncertainty and unrest,” President Michael Sorrell wrote in a letter.
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