Alumni of St. John's University in New York who have lost their jobs in the last six months have something to smile about: A 50% discount on grad school tuition at their alma mater.
The discount, which is effective for two years, allows displaced grads to return to school at half the cost. The $70 St. John's grad school application fee is also waived. According to Crain's New York, the standard tuition for St. John's graduate programs ranges between $865 and $1,040 per credit.
Why This Trend Is Growing
- Discounted Education for Jobless Alumni
- Providing discounted tuition for jobless alumni offers an opportunity for universities to support their former students during challenging times.
- Higher Education Affordability
- Offering reduced tuition rates and waived application fees helps make higher education more accessible, particularly for individuals facing unemployment.
- Supporting Alumni Career Transitions
- Discounted tuition programs for laid-off graduates can serve as a valuable resource for individuals looking to upskill or pivot careers.
Industries Being Reshaped
- Higher Education
- Universities can take advantage of the trend by implementing similar discounted tuition programs to attract and support jobless alumni.
- Career Services
- Career service providers can partner with universities to offer additional resources and guidance to displaced alumni taking advantage of discounted education opportunities.
- Student Loan Providers
- Student loan providers can explore innovative loan repayment options tailored to individuals taking advantage of discounted education programs, helping to alleviate financial burdens.
