<p>In the article, it does state that</p>
<p>1) Sewanee loses a lot of kids to state flagships, such as UGA, UNC, UVa.</p>
<p>2) The move to reduce tuition, with the assumption that tuition will rise further at state schools, puts Sewanee “within striking distance of the out of state tuition at University of Georgia”</p>
<p>3) Sewanee’s yield is now 24% of those admitted, the lowest of the past decade. (And its admit rate is around 60%).</p>
<p>I don’t necessarily think the school is overpriced; the article does say that it’s going to have to rely more on its endowment for the next few years. It is unlikely that it can do that for the long term, as its endowment is very small–about 315 million.</p>
<p>I do know that many state schools are going to increase enrollment (the school I teach at will) without necessarily increasing faculty, advisors, dorms, etc. If this increase in enrollment begins to also impact graduation rates, such that at a state school it now takes longer to graduate, then the cost difference in tuition between a place like Sewanee and a state school is going to be seen in a different light, especially for OOS students.</p>