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Belmont Abbey College announces drop in tuition

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BELMONT, N.C. (AP) - Belmont Abbey College says it's reducing the cost of its tuition beginning in fall 2013, a move school officials say is designed to increase accessibility to the school.

The Charlotte Observer reports (http://bit.ly/QqRbwD ) the school announced Wednesday that tuition will drop from $27,622 a year to $18,500 a year.

School officials said that with 1,700 students, Belmont Abbey is at record enrollment. President William Thierfelder said in a news release that the decision to reduce tuition is a strategic move toward providing an outstanding private college education at an affordable price.

The college cited a College Board poll of college-bound seniors this year that found more than half had ruled out colleges on sticker price alone without considering potential financial aid.

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Information from: The Charlotte Observer, http://www.charlotteobserver.com

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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