University of Charleston President Ed Welch announced Wednesday  that the university would be cutting tuition for next year's incoming freshman and transfer students by 22 percent, from $25,000 to $19,500. On top of that, the university is guaranteeing at least $5,500 in aid for all returning students, so that no student pays more than $19,500. In a video  about the announcement, Welch said the change was made to get away from the high-tuition, high-aid model of financing education there. Several presidents in recent years have started questioning whether such a model is sustainable . The announcement comes on the heels of a similar move by the University of the South , which announced in February that it was cutting its $49,000 tuition about 10 percent for this fall.