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.
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.