The university has announced 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 2014 through Spring 2018 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.
The tuition rates for the classes of 2016 and 2017 were already guaranteed for four years, and tuition for rising seniors in the class of 2015 had previously been frozen for next year.
“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 M. McCardell Jr. “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.”
According to a report released last week by the U.S. Department of Education, the average price of attending a private four-year college or university jumped $3,900 over the four years from 2008 to 2012. And the College Board reported in October that private four-year college tuition increased 3.8% last year, unadjusted for inflation.
This year’s action fully implements the policy of published tuition prices at Sewanee varying between classes. The university has moved 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 2014-2015 academic year, these prices will be: $43,920 for the class of 2015; $44,630 for the class of 2016; $45,970 for the class of 2017; and $47,700 for the class of 2018.
In 2011, the university’s Board of Regents lowered then-current tuition and fees by 10 percent. The decision to follow that reduction with the series of guarantees 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 3,200 applications this year, and will enroll more than 470 freshmen in the fall.