A private university in Kentucky is cutting its annual tuition by 57 percent.
The University of the Cumberlands announced Tuesday its tuition will be $9,875 per year instead of $23,000 per year beginning next fall. Including room and board, that means the annual price will be $19,175 instead of $32,000.
The price drop does not include online and graduate degree programs.
University President Larry Cockrum said the price cut is to help students avoid excessive loan debt. He said if the school adds an extra 282 students the price cut will have no impact on the budget.
The University of the Cumberlands is located in Williamsburg and is affiliated with the Kentucky Baptist Convention.