<p>
</p>
<p>
</p>
<p>Not so sure the net price will be the same for all students. If they reduce tuition and reduce need-based FA a like amount, the effect would be to lower the net price for full-pays and possibly to increase the net price for those with financial need (or some of them, at an rate). So it would have a regressive distributional effect. But maybe that’s what they wanted: it makes the school more attractive to full-pays and less attractive to those with financial need, which might over time shift the composition of their student body a bit. It might be a strategy for the school to cope with rising demand for FA.</p>