On Monday, Grinnell College's President, Dr. Raynard Kington, posted an editorial in the Des Moines Register to clarify some misinformation about the College's tuition and financial aid packages:
The Jan. 8 Sunday Register story regarding the “list of things that will be more expensive in 2012” exemplifies the widespread misunderstanding about the published price of college tuition, room and board versus the much lower net price that most students actually pay.
At Grinnell College, thanks to generous financial aid policies, our price is “discounted” by an average of 64 percent because of college-funded aid and grants.
Only 15 percent of our students pay the full tuition, room and board. Overall, although our fees may be greater, Grinnell graduates have a much lower average debt ($18,578) than do graduates of either the University of Iowa ($27,391) or Iowa State University ($30,062), according to The Project on Student Debt .
— Dr. Raynard S. Kington, president, Grinnell College, Grinnell
