
Colleges drop prices to compete for students
Some non-elite colleges are freezing or dropping prices, reports Hechinger’s Matt Krupnick. They’re competing for a smaller cohort of 18-year-olds and facing more skepticism about the value of a college degree. Mills, a small private college in Oakland, “dropped its sticker price from $45,000 to $29,000 a year,” a 36 percent cut, he reports. Most students never paid $45,000; they were offered sharp discounts. But the big number was scaring potential students away. . . . almos