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Financial Aid in the News

Many Private Colleges Expect Tuition Revenue Declines, Moody's Report Says (Chronicle of Higher Education)

"A 'significant minority' of private colleges and universities are projecting a decline in net tuition revenue this year, which could hurt their future financial strength, according to a report from Moody's Investors Service scheduled to be released on Tuesday," Chronicle of Higher Education reports. "Twenty-nine percent of respondents project a decline in net tuition and fee revenue for the 2010 fiscal year. In contrast, only 9 percent saw a drop in net tuition and fee revenue in fiscal year 2009. Those projections are probably the result of colleges keeping tuition increases small while increasing institutional aid, the report says. 'Our big-picture conclusion is that it's the first concrete data we're really seeing that shows the impact of the recession on tuition pricing,' said Roger Goodman, a vice president and team leader at Moody's."

You can read the complete Nov. 02, 2009 Chronicle of Higher Education article on-line.

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