Grand View University is trying to make college more affordable.
Twenty freshmen are already enrolled in the Financial Empowerment Plan. It allows students to lock in to a four-year plan that limits increases in tuition and room and board to two-percent.
The plan also requires students to come up with a plan to graduate in four years. Students will also know exactly how much they’ll owe when they graduate.
“We hope what we are doing here contributes to the national discourse on concerns about affordability, student loan debt and completion rates,” says President Kent Henning.
Grand View says it doesn’t know of another program exactly like this in the U.S.