Utica College made a big announcement reporting a 42% drop in undergraduate tuition.

According to Syracuse.com Utica College will cut its annual tuition from $35,514 to $19,996 in 2016. The small private college does anticipate a $2 million loss in the first year but is confident they will make up the difference in the future.

Todd Hutton, Utica College president, spoke with Syracuse.com and said "the old price scares families away" he goes on to say students will all make out better in the end. The least a student will save is $1,000. The most is more than $5,000.

Bonus Video ~ 13 Most Haunted Colleges In NYS


More From 96.1 The Eagle