(AL.com) — Birmingham-Southern College is reducing its tuition and mandatory fees by more than 50 percent starting in fall 2018, the college announced on Tuesday.
"The marketplace spoke, and we listened," BSC President Linda Flaherty-Goldsmith said in a prepared statement. "Students and families are telling colleges all across the United States--and they're telling us--that encountering a high published price is a real barrier to a high-quality education. We want to make sure that the best and brightest students have access to the kind of personalized, challenging, hands-on educational experience that BSC provides."
BSC is resetting tuition back to what is was more than 15 years ago, officials said. Tuition for the 2017-18 academic year was $35,840. Beginning next year, tuition will be $17,650.
In 2018-19, BSC will have the most affordable published price among all of the South's prestigious private colleges and universities, the college said.
The drop in the published tuition price is also expected to allow the college to grow enrollment numbers. BSC currently has 1,300 students and has the capacity to grow to 1,600.
College officials said BSC is able to reduce tuition without sacrificing education because more than 90 percent of students don't pay full price already. BSC is generous with merit aid, and many students receive need-based financial aid and private scholarships, the college said.