Why are college dropouts returning to North Carolina state schools in record numbers?
Reported by The Atlantic, the new NC Promise program lowers tuition to $500 a semester for in-state students at select institutions, and at $2,500 a semester for out of state students. Funded by the state legislature, the tuition for low-income students can now be fully funded by Pell Grants, and UNC Pembroke has seen a 60% increase in their readmit population alone because of this new program.
The takeaway? Understanding the precise price elasticity for your institution can be difficult, but finding the right price point is essential to make sure you’re maximizing student success as well as your institution’s financial health.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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