The college rules change announced Friday will make college more affordable, according to an announcement by the HBCUs at Johns Hopkins University, Duke University, and Duke University.
In addition to reducing student debt and keeping tuition low, the rules will make it easier for students to complete degrees at more affordable prices, according the announcement.
In some cases, students will have more freedom to choose where they study, how they choose to study, and what degree they want to complete.
The new rules are part of a larger effort to boost graduation rates and increase college affordability in the United States.
Johns Hopkins announced its decision to make college affordable on Thursday, as did Duke.
In all, the three universities announced that they would be increasing their tuition by $20,000 per year and that students will now be required to attend an accredited four-year college, including both undergraduate and graduate degrees.
This will allow students to graduate with a degree from one of the four institutions.
Students who are considering attending college in the future will also be able to choose their major.
Johns and Duke are the first two HBCUS colleges to go through the changes.
They will begin charging students a tuition of $2,000 less per year for their undergraduate degree.
Johns will also lower the number of credits that students must take to graduate from its current six credits, from the current seven to five.
The cost of a four-credit class will drop to $1,400 per year.
Duke is the first HBCUC to make the change.
The changes come as college enrollment in the U.S. has fallen steadily.
In the last five years, the number and share of students who are attending college has fallen by an average of 9.7% for all U.N. students.
In fact, the share of U.NS students attending college fell by 5.9% from 2011 to 2018.
At HBCUNC, students who enrolled at HBC UNC this year are receiving a $2 million boost from the college to fund the cost of their degrees.
In a letter to parents, President Donna Langton said that the changes will be an incentive for students, alumni, and staff to stay enrolled and contribute to the college.
“It is also a strong message to students and alumni, who have long been urged to stay at HBAU and stay in school for their degree, that we are serious about making sure they get the best value for their dollars,” Langton wrote.
HBCCU President Donna Anglin, right, speaks with faculty members at the HbcU campus at the University of Louisville, March 6, 2021.
The HBCCUs also announced that all four institutions will now offer a free three-day online certificate in accounting and finance.
In 2018, these four programs were offered free online to nearly 8,000 students and $1.2 million in scholarships.
The first three online programs offered in 2018 were free online courses for $60.
A free online certificate is not offered at all other HBCURs.
This new certificate will also give students the ability to learn in a more interactive way.
“These certificates will allow our students to take advantage of the flexibility that HBCUA offers online and on campus,” said Dr. John J. Cauley, president of the HBS, HBCUMass.
“The certificate will allow them to use their HBAUs certificate to take a class, study, or take a course in any format, which will help them make informed decisions about their future course choices.”
The new certificate program will be available to HBCI students who have completed a HBC UB certification.
In 2019, HBSU will begin offering HBCS degree certificates for $75 each, which students can use to earn a certificate for the college or graduate school they are interested in.
The four HBC campuses will also start offering a free online course, called The Art of the Deal, for students who wish to learn more about finance.
The course will teach students the art of investing, investing in people, and how to navigate complicated financial situations.
The college will also offer a number of financial aid packages that students can apply for.
The price of these grants will be reduced from $5,000 in 2018 to $3,000 for 2019.
The money will go to aid recipients in low-income families, those who have children who are dependent on public assistance, and those who do not qualify for financial aid.
These grants will also help students in the middle- and upper-income brackets.
Johns, Duke, and HBCUPenn.com will be providing a daily financial aid update, and the HBAUS website will also continue to update students on the latest HBC tuition, financial aid, and other college updates.
For more information on the changes, see the press release.
This article originally appeared on Recode.com.
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