How much will it REALLY cost for me to attend?” Questions like this arise from complex tuition and fee pricing structures that can have a negative impact on student yield, retention, and time-to-degree. Research from the University of Pennsylvania shows that nearly 80% of major four-year institutions do not effectively communicate their total tuition and fees to the public via their website or net price calculator. Simplifying and adding transparency to pricing structures has been shown to reduce student inquiries, improve pricing transparency, and alleviate strain on administrative units and technology systems, without adversely impacting academic units. Through various fee simplification strategies, institutions can reduce up to 98% of its academic fees and mandatory fees and provide greater pricing predictability for students and families.
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