I just read that Alabama is increasing its out of state tuition to $29,230 annually, or just over $1,100 per year. Meanwhile, the Presidential Scholarship has been reduced to $25,000 per year, so it means an effective tuition rate of $4,230 for the first year with likely increases each year.
Last year my son was offered an OOS waiver plus $3,000 from Georgia. We both liked the idea of him going to Georgia but just didn’t feel like spending an extra $9,000 per year over Alabama. With Alabama’s tuition increase and merit reductions the cost difference this year would be $4,600 and likely declining after that. I don’t know what our choice would be if faced with those numbers, but obviously we would have been more likely to choose Georgia.
My son has been happy at Alabama, but I just wonder if the combination of tuition increases and merit cutbacks is going to have an effect on attendance of top students. I assume a lot of other people are influenced by how much they will have to spend, and while the Presidential Scholarship is still a great deal, it’s not nearly the deal it was.
Any idea where this may be headed?