The University of the South - Sewanee
Did anyone hear the story on “All Things Considered” Thursday about The University of the South – Sewanee – and its radical move to actually lower its tuition next year by 10 percent?
I call this radical because, as we all know, college tuition increases on a regular basis. In fact, the statistic used in the story is that college tuition has grown at twice the rate of inflation. And while Hubby and I have 529 savings plans for our kids, when I begin thinking of what college will cost in the next 10 to 15 years, it makes my head spin. I have to quickly think of something else to avoid having a panic attack.
I thought it was a great move on Sewanee’s part. One of the most prestigious schools in the South, if not the country, Sewanee saw the need to make the school more affordable and accessible. Over the last few years, the school has been losing students to the University of Georgia, a public university with a much lower price tag, yet still a good institution from which to earn your degree. Perhaps more prestige is associated with Sewanee, but if you can get a great education without being nearly as overwhelmed with high fees and student loans – especially in this day and age – which would you choose?
What are your thoughts on the cost of a college education? Do you think other schools will follow Sewanee’s lead? Or are we going to see tuition increase over time until it’s out of reach for many and only available to the privileged few?
To read Sewanee's statement on the price decrease, visit their website.
Image from npr.org