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Ashland University Cuts Undergraduate Tuition by More Than $10,000
Date:8/27/2013

Ashland, Ohio (PRWEB) August 27, 2013

Ashland University has made a bold move in addressing the issues of accessibility and affordability facing higher education. The University has reset its cost structure for full-time undergraduate tuition and financial aid resulting in a cost cut of more than $10,000 for the 2014-15 academic year.

The tuition reset, which will apply to all full-time undergraduate students enrolled in 2014-15, represents a 37 percent decrease from the projected 2014-15 tuition of $30,064, bringing it to $18,908.

“Over the past decade everyone in higher education has danced around the subject of the rising cost of college. Yet few have been willing to tackle the issue and the complications involved,” said AU President Dr. Fred Finks. “Ashland University knows the importance of positioning ourselves to meet the rising demand for quality education at an affordable price. We have decided now is the time to act.”

Finks called the decision a “bold step,” but noted that “Our research is showing us that many prospective students and their parents are deterred by ‘sticker shock’ and not looking at the actual cost to attend Ashland University once financial aid is applied.”

Finks said that nothing will be cut or eliminated from the total Ashland educational experience to accommodate the tuition reset. He said the executive committee of the university’s board of trustees approved the decrease in June following two years of research and discussion.

“The University completed budget realignment in the spring, which has allowed the institution to undertake an initiative like this,” he said. “As we reviewed the alternative, we were uncomfortable with continuing to raise tuition costs and create more student debt year after year.

“Our undergraduate enrollment has been stable over the past few years and we’ve seen an increase this year in first year students compared to 2011 an
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