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Belmont Abbey College announces drop in tuition

By Associated Press
Published On: Nov 29 2012 06:54:37 AM CST
Updated On: Nov 29 2012 12:11:57 PM CST
BELMONT, N.C. -

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 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.