Sewanee announced today that it will guarantee tuition, room and board for four years for the college class entering the university next fall. The tuition these students will pay will remain level from the Fall 2013 through Spring 2017 semesters. In fact, no student enrolled in the college next fall who goes on to graduate in four years will have to worry about a price increase during his or her time at the university.
Tuition for rising sophomores, the class of 2016 that entered Sewanee in August, was already guaranteed for four years. Tuition for rising juniors and seniors in the classes of 2015 and 2014 will be frozen at next fall’s rate.
“Sewanee’s tuition guarantee represents a considerable savings over what families might have expected to pay across four years, based on the national trend of ever-increasing college costs,” said Vice-Chancellor John McCardell. “Yearly tuition increases make it difficult for families to plan. By locking in the tuition cost for four years, Sewanee is offering an element of certainty to students and their families.”
The university is moving to a tiered system of tuition, fees, room and board under which the comprehensive fee for each entering class is guaranteed for four years from that class’s matriculation. For the 2013-2014 academic year, these prices will be: $43,920 for the classes of 2014 and 2015; $44,630 for the class of 2016; and $45,970 for the class of 2017.
All of these 2013-14 tuition levels remain lower than Sewanee’s tuition and fees were in 2010-11, before the university’s Board of Regents lowered tuition and fees by 10 percent. The decision to follow that reduction with the guarantee reflects Sewanee’s determination to be a national leader in offering value in higher education.
This year the University of the South enrolled its largest freshman class ever. It expects to receive more than 3,400 applications this year, and will enroll more than 450 freshmen in the fall.