Dive Summary:
- Mount Holyoke College President Lynn Pasquerella said in March that the school's announcement of a 2012-13 tuition freeze signaled a long-term shift in the school's approach to affordability issues, a statement she stood by Thursday as she announced that tuition, room and board would remain a constant $41,270 at least into the 2013-14 school year.
- Mount Holyoke's multi-year tuition freeze could make it one of many high-profile examples of colleges taking meaningful steps to reform the cost of a college education, as many similar schools--including Princeton University and Williams College--dropped their tuition freezes not long after instituting them.
- According to the College Board's annual "Trends in College Pricing" report, the average increase in tuition at private, non-profit colleges and universities has decreased each decade since 1982--increasing an average of only 2.4% each year over the last decade, compared to 3.8% increases at public four-year institutions.
From the article:
When Mount Holyoke College administrators announced in March that they would be freezing tuition and fees for the 2012-13 school year, the college’s president, Lynn Pasquerella, said the announcement was the start of a long-term shift on how the college approached issues of affordability. Pasquerella stuck by her word Thursday, announcing that the price of tuition, room, and board would hold constant -- at $41,270 -- for at least another year. ...