It seems like we should have thought about this years ago. Is it already too late?
The New York Post reports:
US colleges slash tuition by tens of thousands as families balk at sky-high sticker pricesAs a record-low number of Americans believe attending college is crucial for success, colleges across the country are slashing tuition by tens of thousands of dollars — though the eye-popping cuts often won’t translate into equally large savings for families.The Post identified at least a dozen colleges and universities that have cut or announced cuts to tuition or required program fees this year, with several private schools chopping published undergraduate prices by roughly 40% to more than 50%.Emory & Henry University in Virginia cut tuition roughly in half to $19,990 this fall, while Arizona’s Prescott College lowered on-campus undergraduate tuition 55.8%, from $33,960 to $15,000.The University of Tulsa plans to cut undergraduate tuition and university fees from $54,000 to $25,000 in fall 2027 — a $29,000, or 53.7%, reduction.Concordia University, St. Paul in Minnesota will cut tuition by $5,500 to $21,700 for on-campus undergraduates beginning in fall 2027.The trend, first reported by Bloomberg, is challenging a private-college pricing model in which schools post daunting tuition rates, then heavily discount them with merit scholarships and institutional grants.The average institutional discount rate for first-time undergraduates at participating private colleges reached 57.1% in the 2025-26 academic year.Nick Standlea, founder of High School Reach, which helps families compare college costs and financial-aid offers, told The Post that the tuition resets reflect a shift away from the high-price, high-aid model.
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