Colleges get competitive with pricing, shorter degree programs

The value of a college degree is a topic of much debate among Gen Y today, and many colleges are taking notice. According to a recent article from CNNMoney, some private colleges are trying to entice students by freezing or cutting tuition costs or offering three-year degree programs or four-year graduation guarantees. As a graduate of a private college that raised tuition by more than $8,000 over the course of my four years there, I can certainly see the appeal. But the article raises several concerns about these competitive strategies: