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WNBC On The Money October 11, 2015

Your life. Your future. Now, becky quick. The dream of going to college is growing ever more expensive with each year. But two liberal art colleges announce a 40 tuition cut starting next fall. The price of admission, thats our cover story today. Heres an equation for todays college student. The education that theyre paying for is 12 times more expensive than it was just a generation ago. Index to inflation, the cost of Higher Education twice faster than medical costs. And three times as food. 31,000 average. Public university, annual tab is 23,000 for out of state students. Instate residents pay more than 9,000 but two small schools, Utica College in new york and Rosemont College in pennsylvania both slashing tuition by more than 40 . Theyre calling it a tuition reset. A 40 tuition markdown is an almost unbelievable ....

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