Colleges Warm to Deals: Buy 7 Terms, Get One Free
Or, get $2.5K cash back if you apply now!
By Matt Cantor, Newser User
Posted Mar 12, 2013 9:33 AM CDT
Liberal arts schools are offering all kinds of new financial incentives.   (Shutterstock)

(Newser) – Purchasing a four-year college education is starting to sound a lot more like buying a car. Liberal arts schools throughout the country are offering new deals to win over families with less cash on hand, the Wall Street Journal reports. You might get $2,500 cash back if you apply today; or perhaps you'd like to pay for seven semesters and get the last one free. At least one school is even offering financial support to graduates whose post-college employment pays little.

Colleges are facing a smaller pool of graduating high school seniors, forecast this year at 3.32 million, compared to 3.41 million in the 2010-2011 school year. What's more, fewer students heading to college plan to attend private, four-year institutions. Meanwhile, students have seen the average cost of public and private colleges soar 92% between 2001 and 2011, and the average student-loan toll among 2011 graduates with debt was $26,600. "We're 127 years old, but doing business the same way as we always have isn't going to work for the next 127 years," says the president of Alma College in Michigan.

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Showing 3 of 4 comments
Mar 12, 2013 11:01 AM CDT
Yes the whole education bubble will have to pop for serious examination. Alexander the Great and Aristotle have to literally go where the libraries are to gain the knowledge. Not so much in the Information Age. Education sector, and all it's support mechanism, please stop raping our young people and their parents to maintain your fiefdoms. Please stop letting kids get degrees in bullsh!t just so you can sell credit hours and activity fess and books.
Mar 12, 2013 9:48 AM CDT
Anyone else get fed the college lie, graduate, then realize what a scam it's become? *raises hand*
Mar 12, 2013 9:47 AM CDT
how about all the Ramen noodles you can eat while you're there?