Private colleges set a new record for discounting the tuition they charge students, according to a report released on Thursday by the National Association of College and University Business Officers.
The annual NACUBO Tuition Discounting Study, reveals that the estimated average tuition-discount rate for first-time undergraduates at private colleges was 54.5 percent in the 2021-22 academic year. For all undergraduates, the average tuition-discount rate was 49 percent.
Tuition discounts, which have been on an upward trajectory for
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