Do colleges have enough financial reserves for creative tuition policies this fall?
Reported by EdSurge, while institutions are doing everything they can to retain the students who were originally planning on fall, they’re also thinking about other incentives they’ll likely need to offer to make their class.
Tuition freezes and discounts? Financial aid increases? One of the more popular ideas – tuition deferrals – feels the most timely, in terms of letting students keep moving forward with their education journey, even if their personal financial situation has changed. But many institutions were already floating close to the scare zone with their finances before this pandemic.
The takeaway? Students are in the market for some generosity right now. Unfortunately, many institutions who would love to be so, don’t have the funds to do so. Will their students turn to institutions who do?
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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