2014-15 Tuition Reduction Plan
Thursday, September 19, 2013
President Jim Towey today announced that Ave Maria University is reducing its tuition and fees by 22 percent, a move that will not result in any cuts to academic or student life.
Instead the reduction will maintain affordability, increase accessibility and uphold the 10-year-old University’s commitment to excellence, Towey said.
Tuition starting in the Fall of 2014 will be reduced to $17,940, which is a $5,060 decrease from this academic year’s tuition. Currently, students pay $23,000 in tuition and fees. Returning students next fall will enjoy a “tuition and fees freeze” for 2014-15 and pay the same amount, after AMU scholarships, that they are paying this year.
“I don’t believe any college or university in Florida provides the excellence and value we provide, nor is there a campus culture anywhere more suited to the spiritual and moral development of its students,’’ Towey said.
Class sizes and student-faculty ratios will remain small. More than 85 percent of the University’s classroom instruction is by professors with a Ph.D. or other terminal degree, not by graduate assistants and adjuncts, which is common throughout academia. Small class sizes and top-flight faculty will remain hallmarks of the University.
The average student at AMU pays less than an attendee at nearly all private colleges and universities in Florida and at Catholic universities nationwide.
“From its founding in 2003, Ave Maria University has sought to provide an excellent Catholic liberal arts education at a cost within the reach of as many families as possible,’’ Towey said. “Our students also graduate with a lower average debt burden than their peers.”
During the last 25 years, there has been an “affordability crisis” brewing in higher education. Tuition costs at American universities have spiraled out of control, increasing at more than four times the rate of inflation. The AMU tuition reduction will help families no longer willing to mire themselves in debt to pay exorbitant tuition costs or jump through complex and confusing financial aid hoops. This AMU plan will help decrease that debt and increase transparency in the financial aid system.
Towey said AMU can reduce its tuition and fees by $5,000 for two main reasons.
First, AMU’s budgetary cost controls are firmly in place and the streamlined administrative structure allows the University to operate in a cost-effective manner. Second, the reduction will be cost neutral for the budget because AMU expects to increase enrollment and thanks to Founder Tom Monaghan and other generous donors, the $250 million infrastructure in place is ready to accommodate this growth. With nearly 1,000 students from 48 states and 18 countries, AMU is ready for the student body to reach 1,500 by the fall of 2016.
“Ave Maria is fully prepared for the challenges which the “affordability crisis” presents to our nation,” Towey said. “We are ready for this next bold step. Our students and their families deserve nothing less.”
Follow this link to the Tuition Reduction Plan Flyer.