University of Toledo freezes tuition and living costs, offers performance-based discounts
- The University of Toledo has announced a freeze in tuition and room and board ($9,000 and $9,875 respectively) for the 2013-14 academic year, as well as free housing for the upcoming spring semester for transfer students with at least 12 credit hours and a 25% housing discount for sophomores with a GPA of at least 2.5.
- The strategy, which Ohio Board of Regents Chancellor Jim Petro described as "innovative," is partially aimed at improving the 65% return rate of freshmen.
- A number of other colleges in Rhode Island, Iowa, Texas, Minnesota and a handful of other states are also making efforts to improve the affordability of college, likely hoping to recoup some of their lost profit through state funding increases.
From the article:
In a move called "innovative" by one higher-education official, the University of Toledo not only announced a freeze in academic and living costs but also added deep discounts to sweeten students' deals. Months before many universities tip their hands with next year's prices, the Ohio school said it would freeze tuition, room and board as they are for the 2013-14 academic year. It also offered free housing for the upcoming spring semester for transfer students with at least 12 credit hours and incentivized high student performance with a 25 percent campus housing discount for sophomores with at least a 2.5 GPA. ...