Wesleyan University has announced a new program aimed at cutting down tuition costs while allowing students to add an undergraduate degree to their resume
in a shorter amount of time.
The New Haven, Connecticut-based school has joined a growing number of colleges across the U.S. that have started a 3-year bachelor's degree program, according to the Norwich Bulletin.
Michael S. Roth, Wesleyan president, told The Associated Press that although the accelerated program may not be for everyone, students can save approximately $50,000 by finishing college a year early.
"I think it's important to show that liberal arts colleges, even ones as selective as Wesleyan, are trying to do something about affordability," Roth told the news agency. "I think we need to break the mold in American higher education. This is a way of trying something new that doesn't change the academic quality of the work you're doing."
Tuition at the small liberal arts school will be $45,358 for the 2012-2013 academic year.
According to the Bureau of Labor Statistics, professionals who add a postsecondary degree to their resume can earn $1,000 more per week than those with some or no college education.