While most University of Minnesota students are facing a tuition hike this fall, Mike Johnston is getting a break.
As an MBA student in Duluth, he'll see his tuition bill drop by nearly 25 percent.
Johnston, 26, is enrolled in one of the only U programs actually slashing tuition this year.
Starting this fall, the cost of a master's degree in business administration will drop from $38,040 to $28,800 on the Duluth campus.
The news, he said, "made my day."
The price cut, which applies only to MBA students at the UMD business school, was approved by the Board of Regents in June at the same time it raised prices slightly for almost everyone else at the university's five campuses.
The idea of cutting tuition, especially by this amount, is "almost unheard of" at public universities, said Rajiv Vaidyanathan, a marketing professor at UMD's Labovitz School of Business and Economics.
But in this case, he said, it was a simple matter of supply and demand.