Wednesday, October 24, 2007
The new President of George Washington University Steven Knapp has promised to lower the annual tuition of the school that is the most expensive private college in the country to attend.
"(The price) leads to the dangerous perception that we're costing more than we're worth," Knapp said.The reason for the change is that students are running out of loan money before they earn their diplomas, resulting in a six year graduation rate of between 75 and 80%. School officials want to get that number above 80. It is the failure to retain students that is probably hurting the University's ranking in U.S. News and World Report, which dropped last year.