Concordia University St. Paul cutting tuition $10,000

Concordia University in St. Paul plans to announce Wednesday that it will cut its tuition by a third next year. The private school's current tuition is $29,700; officials plan to drop that by $10,000. The cost of room and board will stay the same.

But the actual amount students pay won't necessarily drop by $10,000 because the financial aid they get will also be recalculated - and most students currently don't pay the full $29,700.

School officials call the move a "tuition reset" that aims to make Concordia "a more viable option for students who don't qualify for need-based aid and are often forced to overlook private Christian higher education simply because of the high 'sticker price,'" according to a statement by Eric LaMott, Concordia's senior vice president and chief operating officer.

Before you keep reading ...

MPR News is made by Members. Gifts from individuals fuel the programs that you and your neighbors rely on. Donate today to power news, analysis, and community conversations for all.