College is on sale? | The Frugalista

College is on sale?

by frugalista on June 29, 2010

I didn’t believe when I first heard it, but colleges are discounting their prices.

The average private institution is slashing its college tuition by 53.5%. So a school with a tuition sticker price of $30,000 would actually cost $13,950, writes Lynn O’Shaughnessy (author of The College Solution) on her Money Watch blog.

Also, colleges are offering discounts for summer school.

I’ve often read that college costs were on the rise, but a new study says that the private schools are slicing prices to compete for students. I went to a private college (happily) , but if I were a high school senior now, I would probably consider seriously the state college route. Student loans aren’t as sexy as we thought they once were. LOL
Community colleges have really beefed up their programs and are dirt cheap when you think about what they offer. Many people question if college is worth the expense.

What do you think about the college discounts? Is it about time? Do you think private schools are feeling competition from state colleges? Do you think college is over priced?

Talk to me!

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