Despite the outcry over high college costs, tuition rates are still going up. Princeton, Brown, Stanford and George Washington, for example, all announced increases in the last few weeks.
But a Tennessee college, the University of the South, better known as Sewanee, is reducing the cost to attend the school next year by 10 percent.
Tuition, fees, and room and board are all affected, with the overall cost falling from around $46,000 to about $41,500. The university said it will alter its student aid formula, but officials say no students will pay more next year than they pay now, and most will pay less.