Students who had just skipped off from entering the US colleges only because the fees were much higher compared to Indian colleges can now take a chance.
Moreover, Overseas school Education is also attracting Parents of Indian origin. The National Association of College and University Business Officers revealed that price reductions, designed to boost attendance were at all-time high in the academic year 2012 which further outpaced the rate during the recession.
He further revealed that, some colleges are still struggling with enrollment declined even after offering a reduction and enduring price sensitivity is driving the drop, according to chief business at institutions that have been affected.
John Walda, the group's president and chief executive officer said "Attending some private colleges can run more than $60,000 annually, including room and board, books and other costs. Schools are using many strategies to get students to enroll."
Walda in a statement said "The expectation that a private institution can maintain or grow enrollment and increase net revenue simply by offering large tuition discounts is no longer valid."
"Price sensitivity, changing student demographics, and a dynamic, competitive landscape all point to the need for increased attention to a strong brand, good marketing, diverse revenue streams, and cost containment", he added.
A study released in January reported that the reduction in tuition fees comes at a bad time for colleges as the number of US high school graduates is expected to decline through the rest of the decade.
This will be an awesome opportunity for those students who are wishing to join US colleges for their Higher Education.