Private Colleges in North Carolina Strive to be Affordable

Private Colleges in North Carolina Strive to be Affordable

December 12, 2012

Belmont Abbey College in North Carolina will cut tuition in an attempt to make college more accessible to a wider range of students, reports the Charlotte News & Observer.

Other schools in North Carolina are also working to make college more affordable for more students. Raleigh's William Peace University, formerly Peace College, cut tuition by 7.7 percent this fall, to $23,700 and will freeze it at that level in 2013. Enrollment increased 9 percent to nearly 800 students. The school was formerly an all-women's college but it went coed this year. It hopes to reach 1,000 students in the next four to five years.

At Davidson College, about 45 percent of its students get financial aid, up from one-third in 2007, the News & Observer reported. Tuition has gone up 57 percent, to $40,809, in the past decade, but it is still the lowest of its 20 peer colleges.

Tuition costs at North Carolina's public universities are still among the lowest in the nation but they rose 40 percent at four-year schools between 2006 and 2011. Tuition at the state's private schools went up 30 percent in that time period but is just below the national average.

Nationally, in-state tuition at public four year colleges and universities increased 4.8 percent this year, to $8,655, according to the College Board. Tuition at private, non-profit four-year schools increased 4.2 percent to $29,056.

 

Related Links:

The Charlotte News & Observer

http://www.newsobserver.com/2012/12/08/2533082/as-costs-rise-private-colleges.html

Heather Zimar

Industry Update