Different costs per seat.
It’s not uncommon to sit next to a person on an airplane who had paid a different price per seat than you have. The person in front of you may have paid more. The person next to you paid less.
Airlines take the total cost of operating the plan from Point A to Point B and divide by the total number of seats available. They use a system called Yield Management.
Average price per student.
Colleges take the cost of operating and divide by the number of students to get the Average Cost Per Student. And then apply Enrollment Management techniques to setting tuition costs. Policies vary between schools too, so remember to work with your college planning professional to determine actual versus advertised prices of colleges.
What are the best ways to pay for college?
So many factors go into the complex discussion about paying for college tuition. Understanding college tuition practices and leveraging the opportunities below may help you reduce the cost of paying for college tuition.
- grants and scholarships.
- federal work study.
- agreements to serve.
- income based repayment options.
- employer based repayment options.