Will inflation drive the highest tuition spike since the Great Recession?

Will inflation drive the highest tuition spike since the Great Recession?

Reported by Inside Higher Ed, many institutions are raising their tuition at the greatest rate since 2008 in response to a current inflation rate of 8.3%. This comes after two years of fairly minor tuition rate increases or even holds during pandemic years and lowered enrollment.

The takeaway? Our institutions are raising our tuition rates to match the rising costs of doing business. But if the market demand for our degree offerings doesn’t increase in parallel? Will we simply be doubling down on the enrollment backslide?

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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Eric Olsen

Eric brings more than a decade of award-winning creative brand development, marketing analytics and higher education experience to Helix Education. Eric is a graduate of Bradley University and earned his MBA at Lewis University.