by Daniel Fusch and Sarah Seigle, Academic Impressions
With their new “Measure of Grace” initiative, Grace College is working to keep their undergraduate degrees affordable and incentivize student persistence and completion. A few years ago, the college began offering the option to complete all of their bachelor’s degrees as three-year degrees. Now, with “Measure of Grace,” the college is:
- Reducing the Fall 2015 tuition rate by 9% (compared to Fall 2014)
- Committing that, starting in Fall 2015, students who remain continuously enrolled will never see their tuition increase above the tuition rate of their first term
- Offering continuously enrolled students further reductions in tuition (a reduction $500 in the sophomore year, an additional $500 in the junior year, and $500 more in the senior year)
- Providing free textbook rental (excluding consumable workbooks), with textbooks delivered to the students’ dorm rooms (at an estimated cost of $1200/year in textbooks, this would save each student an estimated $4,800 over the course of a four-year degree)
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