What is Cedarville Doing About Rising College Costs?
January 21, 2014
Are you feeling overwhelmed by college costs? Have you wondered how the price tag on your student's education will ever be covered?
You are not alone! The popular media has made college costs a national conversation, and the issues are real and personal for many families. Unfortunately, the sound bites on the evening news are unable to explain and address the myriad of complex issues that have brought us to this point.
For the time being, there does appear to be some moderation in the college cost growth spiral. According to an MSNBC article written by Michele Richinick, the rise in tuition has begun to slow. For the 2013-2014 academic year, cost increases dropped from 8% down to 2.9%, which is the smallest increase since 1975.
How does Cedarville University fit into the college cost conversation?
First, you should know that Cedarville's tuition rate is $4,000 less than the current private college average. We have been pursuing a long-term strategy to hold the line on college costs without reducing our competitive financial aid. Not only has Cedarville increased the institutional financial aid by more than 120% in the past five years, but we have also announced that there will be NO tuition increase for 2014-15. While increasing modestly, our room and board will remain among the very lowest of any college or university your student may be considering.
Second, we have made difficult decisions - proactively - to reduce operating costs because we know we must take affordability seriously. For us, it is not just an economic issue. More importantly, it is a Kingdom issue. We believe that Cedarville University is equipping the next generation of Christian leaders who will make a difference for Jesus Christ around the world. A Cedarville education is well worth the investment (our outcome data supports that!), but it must also be affordable to students who have a passion to advance the Gospel through their professional calling. That is our driving priority!
Third, I want to encourage you to prayerfully seek God's wisdom and His provision as you and your family move forward in the college decision process. We believe that God providentially leads students to Cedarville, and He also provides the resources that are needed - often through traditional options like family resources, work opportunities, donor scholarships, and financial aid. But, we could also tell you exciting stories of how God has provided for students through unique means that can only be explained by His very direct and special provision. For those of us who work with students and their financial situations, it is humbling to be a part of that process!
If you value a Christian college education for your student but are wondering how it can ever be affordable, please contact us! We would love to begin a conversation and help in any way that we can.
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