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Proof Colleges Can Lower Their Tuition if they Choose To.

Proof Colleges Can Lower Their Tuition if they Choose To.

Proof Colleges can adjust their tuition.

usnews.com

 

From US News World Reports.

Adapted for Scholars Fund.or,inc.

Edited by Twopentacles.com

Researched by Casey Matthews

How Colleges Are Adjusting Their 2022-2023 Tuition

Sarah Wood May 3, 2022

5-7 minutes

 

The steady drumbeat of annual tuition hikes slowed over the last two years as colleges responded to the coronavirus pandemic and its devastating financial effects on American families. Looking ahead to 2022-2023 tuition rates, families can expect much of the same, as colleges may continue to freeze tuition or apply only small increases.

 

(Getty Images)

Though tuition rose at a historically low rate in the 2020-2021 academic year, students at colleges across the country organized petitions and strikes calling for refunds and cost reductions when classes were moved online due to COVID-19.

About 1,000 students at Columbia University in New York joined a strike in spring 2021 to fight for reduced tuition and increased financial aid, refusing to pay their owed tuition until certain demands were met. But ultimately, those demands were never recognized by the university.

Columbia charged $64,380 in tuition and fees for the 2020-2021 year, according to U.S. News data. The university did provide rebates for some of its fees after classes moved online.

Concerns about pricing linger a year later – despite an average overall decline in tuition and fees for the 2021-2022 school year, when adjusted for inflation – as the coronavirus continues to disrupt in-person learning.

For the start of the spring 2022 semester, some schools, like George Washington University in Washington, D.C., spent the first week online instead of having students return to classrooms on campus right away. Some students were not happy with the decision, given that tuition remained the same despite limited access to campus services.

“When you go to a university, especially one like GWU, which is situated in the heart of Washington, you are not just paying for the professors to impart knowledge on to you,” says Ezra Meyer, a junior at the university. “What you are really paying for is the experience. From my own experience and from talking to my peers, we can’t just absorb the same amount of information through the screen. The quality of education is lower. Students are less engaged.”

While current and prospective undergraduate students may hope for a reduction in college costs, small increases or freezes may be more common for the next school year, experts predict.

“Schools will recognize that we are very much still in a pandemic and families have been dealing with job loss and financial hardships,” says Rebecca Safier, a certified student loan counselor at Student Loan Hero, a company that aids student loan borrowers.

Baylor University in Texas, for example, announced plans to increase 2022-2023 tuition by only 3% “to assist in addressing many of the current financial challenges,” according to its website.

Meanwhile, Ohio Dominican University announced it would freeze undergraduate tuition and boost the amount of merit awards for incoming students for 2022-2023 in response to the pandemic.

“We really just didn’t want to be an additional burden on our students,” says John Naughton, vice president for enrollment and student success at ODU. “So we wanted to make this as affordable as possible and help our students get through these difficult times.”

Not all tuition freezes are a direct result of the pandemic. The University of South Carolina, for example, intends to keep its tuition rate flat in 2022-2023 for the fourth year in a row due to ongoing investments from the state.

“There’s really been a growing realization that we were in danger of pricing students out of the market and needed to break the cycle of state budget cuts followed by tuition hikes,” says Jeffrey Stensland, a UofSC spokesperson.

Public colleges and universities face many of the same financial challenges and increased costs due to the pandemic as private schools. But public institutions must also navigate state funding cuts.

“We’ve seen pretty much across the board our schools are dealing with budget cuts to varying degrees, and they’ve been fairly significant,” says Bryan J. Cook, director of higher education policy at the Urban Institute, a nonprofit research organization. “So while there may be a lot of other aspects to COVID policies that vary by state, one thing that’s been fairly consistent is the cutting of budgets.”

The country is also facing new coronavirus variants and high inflation – the annual inflation rate was at 7% in December 2021, according to Trading Economics, a website that tracks economic indicators for nearly 200 countries. That means much remains uncertain for the next academic year.

“Inflation is a very real issue and it’s moving to historic rates,” Naughton says. “Affordability has always been a challenge for colleges and it’s only getting more difficult for students. I would be very surprised if holistically the landscape went back to pre-COVID tuition (hikes), at least for the coming year

There is another way a student can avert the tuition hikes of the colleges and universtities.

This is easier said then done. Yet how true it is.

Each time the tuition hikes happen, earn more money.

We told you this is easier said then done.

Use plans created by Scholars Fund and other scholarship entities to earn more money for yourself.

We have plans such as the 50/500 plan. The plan is the epitome of working smarter and not harder.

We have the fundraiser program created for students, by students of the students that will encompass the following.

Help another student pay their tuition without using the heinous loans.

Earn extra cash to help pay that hike in tuition.

Avoid having to work more than one job during your college career.

Send us your inquiries at

info@scholarsfund.org.

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