Two small liberal arts colleges are slicing tuition prices.

From CNBC:

Getting an education at bargain basement price? Two colleges say yes

Bucking the trend of annual tuition increases, two small private liberal arts colleges are actually cutting tuition next year — by more than 40 percent.

Utica College in New York and Rosemont College in Pennsylvania are calling it a “tuition reset,” and attempting to show that good education and affordability aren’t necessarily mutually exclusive.

“We’ve seen prices escalate across the country,” Utica President Dr. Todd Hutton told CNBC’s “On The Money” in an interview. “We’ve had escalations and our families simply are hitting a ceiling that they can no longer afford.”

Utica and Rosemont’s actions buck a national trend of surging tuition. Since the 2008 recession, public university costs have skyrocketed, according to a report this year from the Center on Budget and Policy Priorities.