Colleges Adapt to Difficult Economic Times With "Value" Options

Christian Science Monitor article ("Colleges offer no-frills degrees") describes how several colleges are offering no-frills education to keep the costs of attendance to a minimum:

Kaileen Crane was hardly interested in the hefty price tag that comes with the traditional college experience. So she's paying $10,000 a year for the Advantage Program offered by Southern New Hampshire University (SNHU), a private college.  Forget about campus housing. Or a meal plan, or a gym with a climbing wall. This program is about the basics – core courses at a bare-bones satellite campus. But the price is less than one-third of what it costs for tuition and room and board at the main campus in Manchester. "It's close to where I live, it's close to where I work, and the cost is just so much cheaper than a lot of other places," says Ms. Crane during a break from classes in an office building in Salem.

The article also highlighted other ways that private loans were innovating to keep up with these difficult economic times:

• Neighboring Daniel Webster College in Nashua hopes to attract recent high school graduates who are willing to commute by offering them tuition at nearly half price.
• Some institutions are creating partnerships with community colleges to smooth the transfer of credits.
• Others are making it easier to earn a bachelor's degree in three years, saving students 25 percent.
• And a handful have announced that for students who meet certain criteria, tuition for 2009-10 will equal the cost of nearby public colleges.

Comments

[university]

* Neighboring Daniel Webster College in Nashua hopes to attract recent high school graduates who are willing to commute by offering them tuition at nearly half price.
* Some institutions are creating partnerships with community colleges to smooth the transfer of credits.
* Others are making it easier to earn a bachelor's degree in three years, saving students 25 percent.
* And a handful have announced that for students who meet certain criteria, tuition for 2009-10 will equal the cost of nearby public colleges.

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This financial crisis has ruined my chances of ever completing 4 years. I have lost time and effort. Our parents have exhausted their savings. Now I work partime online and go to school on shoe string budget. Severl friends who have graduated 2 years ago still have not got a job yet!

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