Release Date: Tuesday, February 07, 2012
by Brad Tuttle
TIME Moneyland
Shopping around for a college education can feel a lot like shopping for a new car — in that very few people wind up paying the sticker price. Many colleges set tuition prices with the assumption that, on average, students will pay 33% less, thanks to financial aid and scholarships. But one university has decided its pricing strategies shouldn’t be comparable to those of car dealerships or discount department stores.
Starting with the next incoming class of freshman, tuition for students at the University of Charleston in West Virginia will cost $19,500 per year. That’s a 22% drop from the current rate of $25,000.
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