The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Feb. 11--GREENSBORO -- Bennett College says it won't raise tuition next year.
The college announced today that its Board of Trustees has approved a plan to freeze tuition and fees at $17,230 for the 2014-15 academic year.
"Bennett College understands the financial situation facing our students and their families," President Rosalind Fuse-Hall said in a statement released by the college.
"It is important that their academic success is not stymied by the cost of a college education."
Bennett has 629 students, and 98 percent get some form of financial aid. The college said keeping tuition the same will help students plan for the upcoming academic year.
The total cost of attendance, including room and board, will go up by $192 next year to $26,514.
The college said increase will result from compliance with a new state tax on meal plans and an rise in student health insurance.
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