Ohio college to cut tuition by at least 20 percent - 21 News Now, More Local News for Youngstown, Ohio -

Ohio college to cut tuition by at least 20 percent

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ADA, Ohio (AP) - A university in northwest Ohio will lower tuition for the next academic year to what students paid prior to the recession.

Ohio Northern University on Thursday announced it will cut the sticker price to college for new students by 20 to 25 percent. Tuition for existing students will be frozen for next year at 2013-2014 rates.

The university's president Daniel DiBiasio says the conventional high-tuition, high-financial aid model is not sustainable.

The school also kicked off a four-year graduation guarantee in most undergraduate programs. Students who meet certain expectations, but aren't able to graduate in four years will receive a semester for free.

Ashland University in northeast Ohio announced a similar initiative in August.

The announcements come after a summer pitch by President Barack Obama to overhaul federal student aid.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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