Most of Wilmington College’s students receive financial aid and the college will continue to offer scholarships and other kinds of need and non-need based financial aid, said President Jim Reynolds.
“This has been a process of reflection for our board of trustees,” said Reynolds, who added the reduction will allow the school to provide increased access for students in the school’s target market.
Wilmington’s enrollment is 1,007 this year on its main campus.
Many Wilmington College students are the first ones in their families to go to college, Reynolds said. Sometimes, the sticker price can scare families and then they don’t have the opportunity to learn about financial options and the quality of the school.
“People look at the sticker price,” he said. “But for most people, the sticker price is not what you pay.”
The amount students pay usually is augmented by a scholarship or financial aid package, but sometimes families with limited exposure to college automatically will discount a school because of the sticker price.
“With this reset for us, the cost of education will be comparable to a state school,” Reynolds said.
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