Print This Post

UIndy to increase tuition for 2018-2019

Posted on 12.04.2017

The University of Indianapolis released a statement on Dec. 4 that announced undergraduate tuition will increase for the 2018-2019 academic year by 3.5 percent, or $488 per semester. This means that tuition will increase from $27,860 to $28,836 annually. UIndy President Robert Manuel said there are expenses that increase each year, such as electricity, heating and cooling, snow removal, bandwidth and insurance, that have to be considered when evaluating the costs for each year. He also said this increase includes maintaining the standard of living of faculty and staff.

“If you wanted to increase salaries for faculty and staff, you need to find a way to increase those revenues,” Manuel said. “Each year we try to balance what we need to bring in with how we balance affordability so students can continue to come here.”

For the 2016-2017 academic year, UIndy was the second-lowest private institution in Indiana, according to a cost comparison provided by Manuel. He said that without factoring in the changes other universities likely will make to tuition, UIndy’s increase would be estimated at around $500 above the cost of  the University of St. Francis, making UIndy the third-lowest priced. However, Manual does expect all private institutions to raise their tuition.

“There’s not a lot of variability in who’s going to do what up and down that scale, and I doubt anybody would hold flat or cut tuition,” Manuel said. “So we’re likely going to remain the second most affordable private institution in the state of Indiana as a result of these numbers.”

The price of room and board also will increase for the 2018-2019 academic year, with the standard double room rate increasing by $77 a semester, or 3 percent, putting it at $5,280 annually. Dining costs also will increase by 3 percent, and the 14-meal plan will be $5,008 annually, a $73 increase per semester.

Fees will range from $256 per semester for a part-time undergraduate student to $426 per semester for full-time undergraduate students. Manuel said that although it looks like fees increased by about $200, the university eliminated most course-specific fees.

“[In] nursing and biology and all of the applied places like that, there is often a $50 fee, a $150 fee, a $400 fee,” Manuel said. “We took all of those off of the board and said there’s now one fee at the university that covers all of the general administrative services we have to cover.”

He said students still will have to pay fees for certification tests, if those are components of their course, but they will not have to pay fees for course-related materials, excluding books. Manual said the university also saw a greater need for financial aid, so UIndy will increase the financial aid it gives through grants and scholarships by $4 million.

“One of the most important parts is, even though the tuition is going up, so is the dollars that we’re going to give to financial aid,” Manuel said. “So part of what we do is we try to peak the revenue that comes in from tuition and offer it back to our students through scholarships, and that $52 million is our money that goes out as grants and scholarships to the incoming students.”

Manuel said there is also more money available to students through federal grants and loans. This includes money received from FAFSA. The deadline to file FAFSA for the 2018-2019 academic year is March 10, 2018. Manuel also encouraged students to reach out to the Office of Financial Aid with any questions concerning FAFSA and the Office of Student Affairs for any questions about housing.


 Facebook Profile  Follow Us on Twitter RSS Feed Instagram