st. paul

With multiple kids in colleges in recent years, as a parent helping kids choose this is a yawner. Show us real declines in actual cost of attendance, after all the aid these private schools dish out--then we will sit up and take notice!

Good for them. It'll give people a better chance of going to school.

While I applaud their cutting tuition, it's still $20,000, 3 times what it would cost to go to a MNscu 4 year school. If you have well off parents, or want to graduate $80,000 in debt (which can't be discharged in bankruptcy), go for it, but otherwise you're better off attending the public school.

Definitely a step in the right direction. One of the more insidious practices of recent years is colleges using tuition dollars from one student to pay the tuition and fees of another. Student "A" goes into debt while student "B" receives subsidized tuition. Student "A" receives no subsidies, because perhaps he should not have been admitted in the first place.

"Tuition is going up, discounts are going up and net revenues are going down," LaMott said. "That is not a sustainable business model." Really? They're just figuring this out now? In 1971, I had a job that paid $3.25/hr, and my tuition and fees for a full year at the U of M was less than $700. Add books, gas and parking (I lived at home)and I spent less that $1500 a year. My son just graduated from Metro State last year. While in school, he had a job that paid $11/hr. His tuition was $7000. So, while he was making 3 times what I did, his tuition alone was 10 times what mine was. Colleges and Universities need to have a mandatory retirement age of 65 and quit paying all those oldsters the big dough to do "research" or "consulting" until they die at 80 or 85 years of age.

Anybody paying the outrageous tuition rates in Minnesota have to have their heads examined..there ARE other states with better and more affordable college costs..crazy to be in that much debt for a Communications Degree that will get you a job at Target..maybe..

mohawk1953 "Tuition is going up, discounts are going up and net revenues are going down," LaMott said. "That is not a sustainable business model." Really? They're just figuring this out now? In 1971, I had a job that paid $3.25/hr, and my tuition and fees for a full year at the U of M was less than $700. " And the minimum wage was $1.68 and the wage of poverty was $0.65. Now the minimum wage is $7.25 and the wage of poverty is $10.50. The only comparison available is the $80,000 spent on 4 years (including room and board) making the student better off than $40,000 at a highly rated public university such as UM or UMD. Where does Concordia even stand in relation to St. Olaf or Hamline?

Simultaneously cutting tuition and financial aid is a gimmick.

tuition goes down, aid goes down. net cost to student is the same. has the schools income stream changed? is their operating budget lower? salary, maintenance, benefits, and such? they have the same expenses and charge students less? i dont buy it. are they getting money somewhere else?

This is terrific. Nice to see one of the metro colleges trying to make education more affordable. Competition for the educational dollar will be good for the market.