Schools make admirable sacrifices
Anyone that does not believe money makes the world go round may have trouble holding to that conviction now.
Those who are well off financially are now making some of the same complaints of their less affluent neighbors, and for good reason.
All the focus now is on business, and people are concentrating harder than ever.
Institutions of higher learning have to look at things in terms of black and red, and with grant funds drying up, it is becoming tougher to educate students.
It’s good to see, however, that some state schools are biting the bullet to make life more comfortable for some of their students.
Alabama State University and Troy University have announced in recent days that they will begin a three-year waiver of tuition increases for current and future students in the Alabama Prepaid Affordable College Tuition Plan (PACT).
Parents contribute funds to PACT to cover the future cost of instate tuition at any public two-year college or four-year university. The board of directors invests these funds into the stock market, while the return offsets tuition increases.
But stock market losses have cut into the program’s funds — 45 percent since 2007.
ASU is facing its own financial challenges, according to university President William Harris, but the school wants to help students achieve their goals of attaining a college degree. Similarly, Troy University, one of the smallest of the state’s major universities in terms of enrollment, will take the hit to aid students financially.
These schools have done well to recognize a need and make sacrifices for the good of those they serve.