Universities Start Reaching Out of State
Are you planning on staying in-state for your college education, due to the pricey rates that come with non-resident status? You could be missing out -- according to Associated Press, several universities around the country are offering big deals to out-of-state students, offering in-state resident prices for all in an effort to beef up enrollment numbers.
Across the country, a bidding war of sorts has developed over prospective students seeking bargains in a bad economy. While some universities have long tried to lure students across state lines with lower tuitions, such incentives are gaining popularity as the nation's financial meltdown has withered families' college savings and home equity to help pay soaring education costs.
"We're certainly seeing an acceleration of that" push to offer tuition cuts for its out-of-state scholars, said Bob Sevier, senior vice president of Iowa-based Stamats Inc., a consultant to colleges and universities about marketing, student recruitment, fundraising and strategic planning.
"It's something that should have been done a long time ago. This is not a gimmick. This is good public policy," Sevier said.
This incentive is not all in vain: according to the report, schools like Penn State are seeing as much as 47% more out-of-state students accepting offers with their new reduced rates. Other schools report that it is too soon to tell whether it's making a serious difference, but so far the feedback has been great. It looks like an education at the far-away college of your dreams may not be as out of reach as you might have thought!
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