Tuition at the private Catholic college Belmont Abbey was set to rise by about 5 percent next year to $29,000. Instead, the school announced Wednesday that it's actually going to lower tuition for incoming and transfer students by $10,000.
It's what some colleges have begun to call a "tuition reset." A few colleges and universities have announced drastic tuition cuts.
While some want to boost enrollment numbers, Belmont Abbey's president Bill Thierfelder wants to match tuition the actual cost of a student attending the college.