Private college cuts tuition to help with higher ed bubble

Private Catholic College Belmont Abbey today announced it is doing its part to burst the college tuition bubble by reducing its annual tuition cost to $18,500 beginning in fall 2013. This represents an almost $10,000 per year reduction in the College’s published tuition price for incoming freshmen and transfer students.

“Over the past 25 years, average college tuition and fees in the United States has increased more than 440 percent,” said Belmont Abbey College President, Dr. William K. Thierfelder. “At more than four times the rate of inflation, that’s not sustainable for the average American family so it’s time to reverse the trend.”