Belmont Abbey College announces drop in tuition
Belmont Abbey College says it's reducing the cost of its tuition beginning in fall 2013, a move school officials say is designed to increase accessibility to the school.
The Charlotte Observer reports the school announced Wednesday that tuition will drop from $27,622 a year to $18,500 a year.
School officials said that with 1,700 students, Belmont Abbey is at record enrollment. President William Thierfelder said in a news release that the decision to reduce tuition is a strategic move toward providing an outstanding private college education at an affordable price.
The college cited a College Board poll of college-bound seniors this year that found more than half had ruled out colleges on sticker price alone without considering potential financial aid.
Copyright 2012 by WCTI12. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.