Tuition ReductionsAccording to CNBC, The Washington Post, and University Business here are just a few schools offering reductions for the fall 2020 semester:
Tuition FreezesCNBC and Money.com report the following private and public universities are hoping to gain and keep students with tuition freezes: • College of William & Mary – Virginia • Central Michigan – Michigan • University of Pennsylvania – Pennsylvania • Delaware Valley – Pennsylvania • Kansas City University – Missouri • Central Michigan – Michigan • University System of Maryland • UMass Systems – Massachusetts • North Carolina Public Universities • Lehigh University – Pennsylvania • Bucknell University – Pennsylvania • Duke University – North Carolina
Free Tuition, Scholarship OffersEducation Dive, University Business and Inside Higher Education report some colleges are even offering free tuition models to keep students in school. So far, these universities include: • West Chester University – Pennsylvania: Students will get six free credit hours in the winter and summer sessions. • National University – California: Existing scholarships for Pell-eligible students to earn a bachelor's degree for free were doubled. A $30 million scholarship was developed for displaced workers. • Pacific Lutheran University – Washington: Full-time undergraduates that complete the full 2020-21 academic year are eligible for a free tuition to finish their degree. Full-time graduate students are eligible for free continuing education credits. • St. Norbert College – Wisconsin: Full-time undergraduates that complete the full 2020-21 academic year are eligible for a free tuition, ninth semester. • Belhaven University – Mississippi: Full-time undergraduates enrolled in campus-based programs are eligible for a full-tuition scholarship for an online master’s degree from Belhaven. • Southern New Hampshire University – New Hampshire: Full-tuition scholarships for incoming freshmen and a $21,000 cost reduction for sophomores, juniors and seniors.
Students Speak UpAs colleges follow the Centers for Disease Control’s recommendations for institutions of higher education, students may find their college engaging in lower-risk classroom, activity and event settings. According to the CDC this would mean a virtual only college experience. Research group Mckinsey found that less that more than: • 75 percent of students are not “confident they can get a quality education through remote classes.” • 80 percent are not “confident they can build relationships in a remote environment.” NPR Podcast, Planet Money shares the story of a Rutgers University student, Shreya Patel, concerned the movement to online courses wasn’t what she agreed to pay for. Patel broke down her semester costs and found that more than $1,300 of semester charges were student fees. Fees are often acquired by universities to fund student activities, technology access, and other event-driven happenings. Patel felt student fees shouldn’t be required for fall 2020 semester. She started a tuition petition on Change.org, that led to more than 25,000 signatures resulting in a campus fee reduction at Rutgers.
Help Paying for SchoolHere are three solutions if you have found yourself in a unique financial situation due to the COVID-19 pandemic.
- Take advantage of summer melt. Summer melt is a college admissions buzzword that can mean extra money for you. If a student changes their mind on attending a college, they also give back their financial aid package. As summer melt occurs universities earn back more financial aid funds and can provide even more funds to students that need it. This year, summer melt is anticipated to be big, as students are still adjusting their plans into August. Now is a great time to reach out to your financial aid office to see if more financial aid is available.
- Keep applying for scholarships. You should always be applying for scholarships. This includes college students – even those at the graduate level! Create a Fastweb profile to be matched to scholarships that fit you, your major and any unique circumstances. Here are a few scholarship lists to get you started. Scholarships for the Class of 2021 Scholarships for the Class of 2022 Scholarships for College Students
- Find financial help with student loans. Sometimes students and parents find themselves looking for money to help them pay for college - even after completing the Free Application for Federal Student Aid (FAFSA) and receiving Federal student loans. Add the current American economic situation and there may be even more of a need for students to find extra financial help via student loans.