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KENOSHA — In an almost unprecedented move, Carthage College announced on Tuesday it is reducing tuition by 30% beginning next year.

The cost to attend the private, liberal arts school will be lowered from $45,100 to $31,500 to “better reflect the amount most students pay after receiving financial aid” for all new and returning undergraduate students, the college said in a news release, although “families of current students will pay the same net tuition price as they would have paid without the tuition reset.”

The decision has already been approved by the school’s board of trustees.

Carthage is the among the first institutions in Wisconsin to lower tuition and the first school in the state to implement a reduction of that magnitude.

“Understanding the true cost of college has become unnecessarily complicated,” Carthage College president John Swallow said. “Too often families rule out Carthage based solely on the advertised tuition rate, not realizing that our generous financial assistance makes the college as great a fit financially for their students as it is academically.”

Nearly all Carthage students receive financial assistance.