Cutting Price - Factors to Consider

York's ability to contain its cost was mentioned in a University Business article that discussed the pros and cons of reducing tuition charges.

. . . some of the most successful private colleges have deliberately kept sticker prices low all along. 

Take York College (Pa.), where the tuition and fees figure of $13,680 is less than half the Pennsylvania private school average of $28,800. How can they do this? For one, discount rates are much lower than at the typical Pennsylvania private school. And, contends Frank Mussano, dean of administrative services, "a properly managed private college can provide a unique opportunity for outstanding value. York's administrative structure is streamlined without the typical heavy bureaucratic layers, creating a cost-effective, agile operation that quickly responds to an ever-changing environment." Academic, administrative and support services are budgeted and monitored in concert with the college's overall strategic long rang plan, which minimized duplication and waste, he adds.