Measure of Grace: A Different Approach to Tuition and Persistence
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: “We could have just reduced tuition to increase our competitiveness and increase enrollment,” Cindy Sisson, Grace College’s vice president of enrollment, notes, “but we also wanted to reward students for persisting. In fact, the students who came in last fall will get the $500 reduction this coming fall, and the free textbook rentals.” Grace College already has a tradition of high persistence, with 81% freshman-to-sophomore retention in 2014, reflecting recent gains from their three-year degree initiative. A Closer Look at Grace College’s Tuition Model We asked Cindy Sisson about the economics of the new tuition model. She suggests that while there is definitely a cost involved in these tuition reductions, Grace College hopes this will be offset by: At Academic Impressions, what strikes us about Grace College’s model is that (a) it allows the institution to better serve its mission in keeping a faith-based, private education affordable for students, […]

