Mass. college holds the line on rising costs
SOUTH HADLEY, Mass.—Mount Holyoke College is holding the line on student costs next fall, the first time in more than four decades that it won't cost more to attend the exclusive women's college.
The school in South Hadley announced Wednesday that it will not raise tuition and board for the 2012-13 academic year, the first time since 1968 the cost of attending the school won't go up when compared to the previous year.
The decision made by trustees last weekend was based on the belief that the current higher education model of increasing tuition in excess of inflation is unsustainable.
President Lynn Pasquarella said in a statement that colleges and universities cannot continue to threaten access and add to already burgeoning student loan burdens.
Tuition is more than $41,000 this year.