It’s been a while, but there was one summer when colleges decided to raise their tuitions pretty significantly, without much fanfare. This was a summer of computer upgrades, coffee bars, rock walls, and lazy rivers, when colleges decided they needed to improve their social atmospheres and their academic backbones all at once—and the results weren’t pretty. Tuition increases of ten, twelve, even eighteen percent weren’t uncommon, and since budgets for financial aid didn’t get a similar boost, many students who thought they were set with their first choice either discovered new levels of debt to stay where they were, or the need to shift to Plan B at the last minute.
At first blush, the current discussion of tariffs suggests colleges have little to worry about, since most tariff issues are between countries. But a closer look shows there are serious consumer issues—and colleges are, like all of us, consumers. Tariff increases on fruit make the cost of maintaining the salad bar at its current glorious level a little harder. Cars used to get admissions officers around town and to high school visits have to be replaced every few years, and they are the target of some of the highest tariffs. The cost of turning classroom lights on, running the football scoreboard, and paying faculty enough to afford the increased cost of food means tariffs can play a significant role in tuition-setting this summer, something that’s usually done after students have made their college decisions, assuming prices will pretty much go up about as much as they did last year—but there’s no guarantee.
What should families do to be as ready as possible for the effects of tariffs on tuition? Try these:
Call your first choice college Not every college will have their tuition and fee schedules set for next year, but if parents are worried about tariffs, college are too—they don’t want to teach to empty classrooms with just a handful of deposits to show for it. Start with the financial aid office, and see where the discussion goes from there.
Watch out for specialty increases It’s not uncommon for colleges to put greater increases on specific sub pools of populations, especially when it comes to residency status. Community colleges typically pass higher increases on to residents outside their service area, as do many public four-year colleges to out-of-state students—and nearly everyone loves to gouge international students, who somehow have an established reputation as having an endless flow of cash. Increases in everything from special supply majors (think paint and clay for studio art majors) to fees for student activities (increases in costs related to athletics) have been reasons in the past for asking for more money. Watch carefully.
Keep Plan B open as long as possible Most counselors, including me, are pretty adamant about students committing to just one college by the time May 1 comes around. The reason for this is simple—you can only go to one college, so telling two you’re going to show up increases the chances one of them is going to be teaching to an empty seat.
That advice doesn’t usually change, but if you end up with one college you can no longer afford, and no place else to go, that doesn’t really solve anything. Review your college list to see if they all require a commitment or deposit—not all do—and keep those options as open as possible. It’s also likely colleges may offer advice on how to approach this challenge, so keep an eye on email and snail mail—and proceed with caution.