Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006.
The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.
University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.
The University of Dayton is promising new freshmen that they will pay the same amount for tuition all four years they are in school.
The guarantee to new freshmen eliminates the uncertainty of how much a bachelor's degree will cost by removing hidden fees.
The university said students will receive a two-page financial aid prospectus detailing the costs, and also pledging that that their scholarships and grants will grow dollar-for-dollar each year as tuition increases.