Dive Brief:
- LaSalle University has announced a 29% reduction in its tuition and fees costs beginning for the Fall 2017 semester, lowering annual costs from $40,400 to $28,800 for all new and returning students.
- Officials say the new price point will offer tremendous savings to students, before the awarding of scholarships, aid and grants, and that all future tuition increases will begin from this new cost model.
- More than 95% of LaSalle students receive some form of public or institutional aid to help reduce costs.
Dive Insight:
Hitting the reset button on institutional costs is a stellar example of how higher education can reinvent itself to better accommodate the needs of working and middle class families. As more research surfaces about the decreasing value of federal aid and grants to reduce college expenses, the greater the call for financial reform in higher education grows and builds the outright avoidance of the industry outright.