And if the program motivates students to finish their coursework faster and enter the workforce sooner than they would have otherwise, they’ll actually save even more, said Derek Kindle, Howard’s executive director of student financial services.
About 46% of Howard University students graduate in four years, which is higher than the national average of 39%.
Howard’s tuition rebate program is “relatively uncommon,” said Robert Kelchen, an education professor at Seton Hall University.
At public colleges in Texas, students earn a $1,000 rebate if they finish on time. And some schools, such as Eastern Illinois University, offer a guaranteed tuition rate for four years. After that, the cost for any additional credits would go up.
But tuition rebates have been largely untested.
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