Those gearing up for graduation at the Howard University can breathe a little easier now as the college is implementing new practices that will surely lower some financial burden off their shoulders.
Starting next fall, Howard will cover 50 percent of the cost of a student’s final semester if they graduate early or on time. At present, students pay around $11,900 per semester that leaves the ones who graduate on time with a savings of $6,000. Now that’s real incentive to fast track your matriculation. Moreover, the program actually saves more money for students, as they won’t be paying dollars for additional semesters. Not to mention, it will allow them to enter the workforce sooner, thus saving even more.
No doubt, completing graduation in four years is often difficult for many, and more than half of the students across the nation don’t do it. As tuition prices keep on increasing every semester, many students focus on lighter schedules so that they can take up a job while attending school.
However, the famous educational institute is not the first one to introduce such a program. As CNN points out, at public colleges in Texas, students earn a $1,000 rebate if they finish on time. And some schools, such as Eastern Illinois University, offer a guaranteed tuition rate for four years. After that, the cost for any additional credits would go up.
But, the rebate incentive is just one way Howard University is trying to keep graduation affordable for students. The university will freeze tuition next year, sticking with its $22,737 education price tag. Now that’s some icing on the cake.
Overall, matriculation incentive and tuition freeze is a great step to reach students of underprivileged background and show the university’s commitment towards addressing the academic and financial needs of prospective students.