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OHIO NORTHERN UNIVERSITY-TUITION CUT
Ohio college to cut tuition by at least 20 percent, change will apply in 2014-2015 school year
Reported by: Associated Press
Reported: Thursday, October 10, 2013 3:36 PM EDT
A university in northwest Ohio will lower tuition for the next academic year to what students paid prior to the recession.
The university's president Daniel DiBiasio says the conventional high-tuition, high-financial aid model is not sustainable.
The school also kicked off a four-year graduation guarantee in most undergraduate programs. Students who meet certain expectations, but aren't able to graduate in four years will receive a semester for free.
Ashland University in northeast Ohio announced a similar initiative in August.
The announcements come after a summer pitch by President Barack Obama to overhaul federal student aid.