College costs can play an important role in the college selection process. As early admission and early decision time is upon us and since nobody wants to graduate with a lot of debt, knowing what tuition discounting is as well as how it can be impacted by changes in finances and academic performance is important.
Tuition discounting is a common practice used by institutions (colleges and universities) to decrease costs and attract students.
- Tuition discounting represents the amount of grants and scholarships that a student gets but does not have to repay it back. The main source for these discounts is institutional aid (the institution’s funds). Applying for other scholarships can help boost the discounting amount, but the largest amount of funds would typically come from the institution.