2008
Benedictine freezes tuition for current students, incoming Fall 2009 freshmen

Benedictine freezes tuition for current students, incoming Fall 2009 freshmen
October 17, 2008

Phil Brozynski, Media Relations Manager
(630) 829-6094
pbrozynski@ben.edu

The souring economy and the crisis on Wall Street are shrinking families’ college savings. Federal loan applications are on the rise. Financial aid offices are being swamped with requests from families who in the past might not have qualified for assistance. Colleges are exploring a multitude of ways to help students who do not have aid. Benedictine University’s Board of Trustees took a major step toward helping families deal with the economic crisis at their meeting October 16. The trustees voted to freeze tuition at its current level through Spring 2010 for traditional undergraduate students already attending Benedictine, and have guaranteed that next year’s freshman class will not see a tuition increase through Spring 2011. “These are extremely troubling times for students and their families,” Benedictine University President William J. Carroll said. “Although most of our students receive some form of aid, we are committed to doing as much as possible to ensure that education is a life-long journey, not a life-long burden. “The board felt that we must hold the line on the cost of college so as not to endanger the futures of so many promising young people,” Carroll added. According to an annual report by the College Board, tuition increases at four-year public institutions across the country averaged 6.6 percent in 2007 and 6.3 percent at private four-year schools. Last June, Benedictine’s Board of Trustees approved an increase that raised tuition and fees for full-time undergraduates a modest 4 percent from the previous year. “Every year we fight the battle between the rising cost of education and oppressive tuition increases that would force some of our students to assume more debt or forego a private Catholic college education completely,” said Charles Gregory, executive vice president of Benedictine University. “Neither of those alternatives is acceptable. Benedictine University has not had a tuition increase of more than 6 percent since 1999-2000. Since 2001, annual tuition increases at Benedictine have averaged 5 percent. Tuition for the 2008-2009 academic year is $10,800 per semester or $21,600 per school year. Gregory said that by freezing tuition now, the University is giving families more time to plan their finances. He emphasized, however, that the tuition freeze is just one step in helping families and students deal with the current economic mess. “We must continue to search for additional, alternate funding sources, and explore other creative ways to help alleviate the financial burden placed on students and their families,” Gregory added. “We plan to announce additional initiatives in the coming weeks.” For enrollment or financial aid information, contact the Benedictine University Enrollment Center at (630) 829-6300.

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Benedictine University is an independent Roman Catholic institution located in Lisle, Illinois just 25 miles west of Chicago. Founded in 1887, Benedictine provides 56 undergraduate majors, 16 graduate and four doctorate programs. The Chronicle of Higher Education recently ranked Benedictine University as the seventh fastest-growing campus among private nonprofit master’s universities, and Forbes magazine named Benedictine among the top 20 percent of America’s colleges for 2011. Benedictine University’s Master of Business Administration (M.B.A.) program is listed by Crain’s Chicago Business as the fourth largest in the Chicago area in 2011.