Tag: comprehensive fee

Lawrence Student Cost Increase Smallest in 20 Years

The cost to attend Lawrence University for the 2015-16 academic year will reflect the smallest rate increase in 20 years based on the recently approved budget by the college’s Board of Trustees.

Kim-Dickson_with-students_newsblog
At 9:1, Lawrence has one of the lowest student-to-faculty ratios of any college in the country.

The comprehensive fee for the next school year will be $52,950, an increase of 2.89 percent over the current year. The increase is the smallest since a 2.84 percent change for the 1996-97 academic year and is the second smallest in more than 30 years.

This moderate increase is due in part to the Lawrence community’s efforts to decrease operating expenses by 7 percent or $3.75 million over the next three years while preserving the quality of the education.

The comprehensive fee covers tuition, room, board, student activity and sustainability fees.

“I realize the financial burden that many of our students and families face, and I take seriously any increase to the comprehensive fee,” said Burstein, who has made affordability a cornerstone of his presidency since assuming the office in July 2013. “The cost of providing a rigorous and challenging academic experience, with a student-to-faculty ratio (9:1) that is among the lowest in the country, is indeed great. As we continue to improve this institution and its offerings to students, it is imperative that we work to find ways to moderate the increasing cost of the transformative education we provide.”

A focused campaign to raise student scholarship funds was launched last September with a gift of $25 million, the largest in school history. Lawrence alumni and friends have contributed more than $18 million to match this extraordinarily generous gift. These funds will be used solely to create endowed scholarships that help meet students’ demonstrated financial need.

“Efforts to raise funds and decrease operating costs are essential to the continued health of Lawrence and to the affordability of the education we offer for future Lawrentians and their families,” Burstein said.

About Lawrence University
Founded in 1847, Lawrence University uniquely integrates a college of liberal arts and sciences with a nationally recognized conservatory of music, both devoted exclusively to undergraduate education. It was selected for inclusion in the Fiske Guide to Colleges 2015 and the book “Colleges That Change Lives: 40 Schools That Will Change the Way You Think About College.” Engaged learning, the development of multiple interests and community outreach are central to the Lawrence experience. Lawrence draws its 1,500 students from nearly every state and more than 50 countries.

Board of Trustees Sets 2014-15 Tuition, Comprehensive Fee

Members of the Lawrence University Board of Trustees were on campus this week for their annual winter meeting. One of the important matters discussed was tuition.

Tuition-announcement_newsblogThe full-time tuition for the 2014-15 academic year was set at $42,357. Together with room, board and other fees, the total comprehensive fee will be $51,465. This represents a 3.5 percent increase in tuition and a 3.51 percent increase in the total comprehensive fee for next year.

“As we consider how best to meet our responsibilities, there are three considerations that govern our decisions: affordability, quality and efficiency,” said Lawrence President Mark Burstein. “Despite the fact that endowment earnings, grants and gifts from alumni and friends of Lawrence meet 23.5 percent of the costs of a Lawrence education, I look at every expenditure as if it were being paid directly by the families of our students. Looking ahead, know that the affordability of a quality Lawrence education remains among my highest priorities.”

About Lawrence University
Founded in 1847, Lawrence University uniquely integrates a college of liberal arts and sciences with a nationally recognized conservatory of music, both devoted exclusively to undergraduate education. It was selected for inclusion in the Fiske Guide to Colleges 2014 and the book “Colleges That Change Lives: 40 Schools That Will Change the Way You Think About College.” Individualized learning, the development of multiple interests and community engagement are central to the Lawrence experience. Lawrence draws its 1,500 students from nearly every state and more than 50 countries.