Goldey-Beacom announces tuition reset, reducing cost by half
Goldey-Beacom College announced Sept. 14 a tuition reset, reducing undergraduate tuition for fall 2021 to $12,750, from the current $25,500 — a 50% reduction.
The college has discounted tuition for several years, but this new initiative will keep tuition simple and permanent.
In fall 2014, the college introduced its Affordability Assurance Award which reduced tuition by slightly more than half for all undergraduate students — domestic or international, full- or part-time, residential or commuter.
Goldey-Beacom College “is poised to take the next step and cement its commitment to an affordable education.” the college said in a press release. “Instead of perpetually stating one amount for tuition and discounting that amount for every student, the college announced a dramatic change for fall 2021: tuition will simply be cut from 2020’s $850 per credit hour — $25,500 for 30 credits — to $425 per credit hour — $12,750 for 30 credits.”
“Originally, we stated our true tuition but then discounted that amount significantly, for every student, for every year, for seven years,” said GBC President Colleen Perry Keith. “It is now time we call tuition what it really is and simplify the process. As other colleges continue to ‘go high’ with tuition increases each year, offset with tuition discounts of varying amounts, we now choose to ‘go low’ and state our true cost up front. As high-cost colleges continue to raise tuition and discount it, lowering our actual tuition is a big move, but we are ready to make this commitment, and we are proud to do it.”
The new initiative formalizes the college’s actual practice for the past seven years, and adds clarity to the bill.
For more on Goldey-Beacom College’s Affordability Assurance Award, visit bit.ly/3iAziem.