Some colleges are beginning to market by offering financial deals to potential students. Why? Believe it or not, some colleges are experiencing financial troubles. These colleges are usually mid-tier colleges or are private schools that have to rely mainly on their tuition income because they are not heavily endowed. Schools in regions where there are shrinking numbers of graduating high school college-bound students are also in need of more students.
For these reasons, colleges are offering deals. Before you choose a college, it might be wise to make sure you have checked to see if the school you are applying to is offering a rebate or kickback on expenses. Even if the school you are applying to does not offer one of these incentives, perhaps it could be used as a bargaining chip for a better financial aid package.
Here are some of the financial incentives now being offered by some colleges:
- Over two dozens schools have frozen their tuition rate for four years.
- Some schools are offering to pick up part of the tuition costs for graduates who are getting only low-paying jobs.
- Other colleges are offering different packages, such as
- Get the eighth semester free if you maintain a 3.5 GPA,
- Receive a $2,500 stipend for a research project or internship,
- Attend for seven semesters and get one free,
- Attend for four years and take all classes afterward for free.
- Apply now and receive a $2,500 rebate.
Students and their parents are more in the driver’s seat than usual these days with certain colleges. Know that dickering for the best college education cost is now possible.