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Campus Finance Briefs

Tuition Trends

University Business, April 2012

Mount Holyoke College (Mass.) announced that it will not raise tuition or room and board for the 2012-2013 academic year, holding prices at the 2011-2012 rate—and making next year the first since 1968 that Mount Holyoke has not experienced an increase in the cost of attendance.

That tuition decision is based on college officials’ belief that the current higher education model of increasing tuition in excess of inflation is unsustainable. “If we hope to retain our nation’s historic commitment to educating for democracy, colleges and universities cannot continue to threaten access and add to already burgeoning loan burdens for students,” MHC President Lynn Pasquerella said in a statement.

Meanwhile, Kettering University (Mich.) has announced it will offer a fixed-tuition guarantee for all undergraduate students beginning in 2012-13, becoming the first Science, Technology, Engineering and Mathematics (STEM) university in the state and one of only a handful in the nation to offer the cost-saving guarantee. Kettering has also eliminated all academically related fees in its all-inclusive tuition package.

“I am delighted to confirm that the Board of Trustees has approved our recommendation for a fixed-rate tuition plan that also eliminates all academically related fees, like the thesis fee, for all full-time undergraduate students,” said Kettering President Robert K. McMahan in a press release.