Medusa

SLU Sets Enhanced Tuition Fees For 2014-15 Academic Sessions

<p>Considering the SLU’s Financial Year 2015 budget summary released by Interim President Bill Kauffman last Thursday&comma; you can find a 3&period;5 percent increase in undergraduate fees followed by a 2&period;2 hike in professional and graduate folds&period; The university has also set &dollar;137&period;7 million for financial aid and &dollar;5&period;3 for teaching staff salaries&period; This equates a 2 percent merit on compensation fold&period; The President ascribed this to a &OpenCurlyDoubleQuote;concerted effort to keep tuition increases as reasonable as possible” after ensuring that they have the adequate fiscal resources to enhance the outstanding&comma; prevalent quality of SLU education&period;<&sol;p>&NewLine;<p>This implies an undergraduate tuition rate to &dollar;37&comma; 350 every year&comma; thereby marking the smallest hike in tuition since 2010&period; The MBA program now costs &dollar;54&comma; 355 per year&comma; and the law school&comma; medical tuition will see a rise of &dollar; 37&comma; 990 and &dollar;49&comma; 450 respectively&period; Undergraduate fees for the Madrid Campus are poised to rise by 3&period;5&percnt; for four-year batches and for abroad studying&period; It is 4&percnt; for transfer or visiting students&comma; which brings the sum total to 9&comma; 000 Euros and 10&comma; 500 Euros every semester&comma; respectively&period; The financial aid inference aims to curb escalating costs while the &OpenCurlyDoubleQuote;Go further” program aims to syncopate with &dollar;1&period;5 million donation amount for funding scholarships&period; It is fundraising endeavor to ameliorate a qualified scholarship reward of &dollar;100 or more&period;<&sol;p>&NewLine;<p>Kauffman states in his letter&comma; about a current trend of diminishing enrollment simultaneously with an expanding faculty gamut and staff&period; It also includes growing compensation alongside general expenditure&comma; which poses a serious impediment for the SLU’s urge to move forward with its plans&period; He agrees that it is ideally not a sustainable instance&comma; which creates a big challenge for the University syndicate&period; He said that the authorities have informed the Faculty Senate for propounding a strategy which shall enable the university to evaluate every operation&period; The rising education costs are not exclusive to SLU&period; The tuition fees of auxiliary institutions have perennially maintained their fiscal flight in the recent years&period; The &OpenCurlyDoubleQuote;2013 Trends in Higher Education Pricing” report by College Board unravels that non-profit&comma; private&comma; four-year universities have experienced a 3&period;8&percnt; rise in tuition on an average during the last year&period; This precedent was at par with SLU’s 3&period;9&percnt; rise&period;<&sol;p>&NewLine;<p>Even Jesuit institutions have a propensity for higher tuition fees as compared to private institutions&period; The SLU rates are in parity with average Jesuit concerns in this regard&period; The last couple of years witnessed a rise in net fees or tuition for non-profit folds&period; This matrix considers tax benefits alongside grants and aids that reduce education expenses for students&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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