Thursday, December 18, 2014

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Catholic Education Daily

 

CNN: "Want Cheaper Tuition? Find Religion"

CNN reports that despite the trend of skyrocketing tuition costs across the nation, some Catholic colleges are actually cutting tuition.
It's a trend seen among religiously-affiliated colleges across the nation, both big and small. Duquesne University, the largest Catholic university in Pennsylvania with 5,858 undergraduates, is reducing tuition by 50% for students who enroll in its School of Education in 2012. Seton Hall University, a 4-year private Catholic school in South Orange, N.J., is chopping tuition by 61% for applicants who meet certain academic qualifications. And Cabrini College, another Catholic school in Pennsylvania, plans to cut tuition by 12.5% next year and cap it at that level through 2014. Of the more than 1,600 small private nonprofit institutions for higher education in the United States (which have an average enrollment of 1,900 students), two-thirds have a faith or religious affiliation, many of which are linked to Christian denominations.
While any parent can tell you that the cost of college is becoming increasingly prohibitive, especially for large families, an independent report on college costs published by The Center for the Advancement of Catholic Higher Education—the research division of The Cardinal Newman Society—revealed that some of the most faithful Catholic colleges and universities in the United States also offer students significant cost savings. Among the study’s key findings:
· Average tuition for students at the recommended faithful Catholic colleges is about $3,000 less than at other Catholic colleges and about $1,000 less than the average private college.
· The Newman Guide colleges provide students a larger portion of institutional aid (39%) than the average private college (29%). · Students at the recommended Catholic colleges graduate with fewer loans and less debt—on average, about $2,000 less than at private colleges and $1,400 less than other Catholic colleges.
In fact, according to the U.S. Education Department, the median net cost in 2008-09 for colleges in The Newman Guide was $20,189—more than $5,000 less than the median for large Catholic universities. Studies referenced are available here and here.

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