- Associated Press - Wednesday, September 16, 2015

ROSEMONT, Pa. (AP) - A private Catholic college in suburban Philadelphia has taken a drastic move to make it more attractive to families scared away by a high sticker price.

Rosemont College announced Wednesday that it will cut tuition by 43 percent next year and knock $1,900 off room and board, bringing the school’s price tag from $46,000 to $30,000 annually.

But no students will see a $16,000 price cut. That’s because the college doled out so much financial aid in recent years that few paid close to $46,000.

Officials say savings will average about $815 per student. Tuition will drop from $32,620 to $18,500 and room and board will decrease from $13,400 to $11,500.

Officials say the college wanted to help families who thought the school was out of their price range.

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