Rosemont College in Pa. cuts tuition by 43 percent

ROSEMONT, Pa. (WPVI) -- Rosemont College on the Main Line is cutting tuition by 43 percent to make it more affordable for more students.

The college located in Rosemont, Pennsylvania made the announcement Wednesday morning.

Tuition will drop from about $32,000 to $18,500 for the academic year beginning in 2016.

The small liberal arts school will also make room and board cheaper by $1900.

Rosemont's president said she wanted to help families who thought the college was out of their price range.

She said the current tuition is based on an artificially inflated number that is discounted for a majority of students.

Once they lower the base price, they will also lower financial aid in the same proportion.