Pricey private liberal arts colleges are slashing tuition prices, reported The New York Times — but it's mostly benefitting the wealthy.
Pricey private liberal arts colleges are slashing tuition prices so they don't get overlooked by students who want a more affordable school, reported Tara Siegel Bernard for The New York Times. But these changes only reduce the school's advertised rates, which wealthy students typically pay — and at the same time, they're decreasing tuition discounts. That means that wealthy students are benefitting the most from the price cut.
Pricey private liberal arts colleges are slashing tuition prices so they don't get overlooked by students who want a more affordable school, reported Tara Siegel Bernard for The New York Times. But these changes only reduce the school's advertised rates, which wealthy students typically pay — and at the same time, they're decreasing tuition discounts. That means that wealthy students are benefitting the most from the price cut.
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