Converse College Slashes Tuition | 09.11.13
Converse College, a small independent women’s liberal arts college in Spartanburg, South Carolina, announced that it is cutting its tuition by 43% for the 2014–15 academic year. The one-time tuition reduction or “reset” from $29,124 in the 2013–14 academic to $16,500 in the coming academic year affects both continuing and incoming full-time undergraduate students.
While ten other colleges have made similar tuition reductions since 2012, most have done so to increase enrollments. Citing increased enrollments over the past three academic years (including a 30% increase from last year), Converse College President Elizabeth Fleming declared that the College was making this move from “a position of strength.”
The college reported hearing from families about the flattening of their incomes over the past decade, intensifying concerns about the issue of college affordability. By resetting tuition amounts to back to levels not seen in more than a decade, Converse says it is working to reassure students and their families of the value of a Converse education.
In its announcement, the college indicates that it hopes this new pricing strategy — which will not reduce existing student services or its commitment to need-based financial aid — will reduce the “sticker shock” many families encounter as they plan for the cost of a Converse education.
David Levy is Associate Editor of the Edvisors Network. David brings 30 years of experience as Director of Financial Aid at some of the nation’s leading colleges, including the Scripps College, California Institute of Technology and Occidental College. He is respected by students, parents and financial aid professionals nationwide because of his extensive outreach and volunteer activities, his extensive knowledge of financial aid and his leadership in helping to simplify the aid application process.
5 Most Recent Student Loans Blog Posts:
The Student Loan Help blog is sponsored in part by: