It’s expensive to run a school and provide students with the excellent education they deserve. That’s no secret. And as the cost of education has risen, so has the cost of tuition. Unfortunately, families’ ability and willingness to pay these increased rates don’t always match up, resulting in schools decreasing their tuition discount rates just to fill seats. In fact, over the last 3 years, 68% of schools have increased their tuition rates to retain students and grow enrollment.
If not handled carefully, this can mean your awards can start eating into your operating budget – making it hard to meet your mission and the bottom line. But don’t worry! We’re here to help.
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