SPARTANBURG, S.C. (AP) - Converse College in Spartanburg is cutting its tuition by 43 percent in a move officials hope will make the school more affordable.
The small liberal arts college announced Tuesday that the cuts would go into effect starting with the 2014-15 academic year.
Current tuition is just over $29,000 per year. The reduction would reset tuition to $16,500 per year, the school's lowest rate since 2000.
Room and board costs are going up, from about $9,100 to $9,500. That will put the total yearly cost for fulltime undergraduate students at $26,000.
Converse president Betsy Fleming says the move should be encouraging for families looking to spend wisely.