Universities Try to End the Paper Chase

Rich, Laura
December 2004
Bank Technology News;Dec2004, Vol. 17 Issue 12, p1
Trade Publication
The article reports that by the end of this decade, the number of students enrolling in colleges and universities is expected to hit 17.2 million. According to The College Board, tuition at public colleges and universities grew 10.5 percent this year, while private institutions' tuition grew six percent. Currently, the average cost of tuition at a public university is $11.354 for a single year. Certain schools have really invested in developing on-line processes for their students to make things more efficient for students and reduce costs for the schools. Repayment plan allowances, reduced interest rates and the Internet are all expected to build market share and reduce default rates.


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