Nichols College Freezes Tuition Increase for 2016
Wednesday, November 26, 2014
"I think this is tremendous for the students. Obviously if this was a bad business decision Nichols wouldn't do it but, being a business college, I'm sure they did enormous amounts of research to make sure this was the right decision," said Jeremy Lemoine, class of 2005. "They added a magnificent student center, turf athletic field, two apartment style dorms and they are currently constructing a beautiful new classroom building and making renovations to the field house."
"Nichols is always looking at the how they can be providing the best career-focused education which includes always evaluating the cost of that education. Students want to know that they're going to come out of school with an education they can use and are benefiting right away from what they paid for," said Nicholas Lynch, Nichols College graduate and a member of Nichols' Alumni Board of Directors.
According to the 2014 College Board's Trends in College Pricing report, the national average price increase for private, not for profit colleges this year was 3.7. Nichols did not raise tuition for the current academic year and saved students approximately $1,200 compared to the national average increase intuition. The Nichols tuition rate for 2016-2017 is estimated to be $2,800,or about 6% , lower than if it had increased at the average national rate since 2013.
"The world we live in now is so fixated on getting a college education and I think that's great. However, the price of college today is astronomical. I know things are expensive, but to graduate with no job or a job with entry level pay puts an awfully big financial strain on a recent graduate. I hope Nichols' approach becomes the norm for colleges across the country so the price gets a little bit more in line with today's economy," said Lemoine.
Related Slideshow: Central MA Colleges & Universities with the Highest Student Debt
Seven in 10 college seniors (71%) who graduated last year had student loan debt, with an average of $29,400 per borrower, according to a new report released by the Institute for College Access and Success.
According to the Institute’s Project on Student Debt, the average student debt in Massachusetts is $28,460, but what about the state's individual institutions? Check out the slides below to see the average debt graduates are accruing at colleges and universities in Central Massachusetts. (Not all schools self-reported student debt; if not, they are not in the slideshow).
Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year. Worcester Polytechnic and University of Massachusetts Medical School are not included in the data below, because they did not report the average debt of their graduates.
#7 Worcester State Univ.
#6 Clark University
#5 Holy Cross
#4 Nichols College
#3 Assumption College
#2 Becker College
#1 Anna Maria College
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