College costs: tuition equals 10% of income

Whitman College in Washington has introduced a policy limiting college costs to no more than 10% of a family's parental income, starting with its application process. Families can determine their actual tuition by dividing their income from tax forms, simplifying the financial picture without hidden fees. The initiative aims to address declining applications from upper-middle-class families and boost net tuition revenue through increased transparency, with the offer applicable for four years and including options for merit aid and need-based assistance.

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