|Today we have great cause for celebration as the University has announced a truly transformational and bold move: La Salle is addressing the escalating cost of undergraduate college education–a non-sustainable situation–by resetting our tuition from $40,400 to $28,800–a 29% reduction that takes our tuition back to the 2008 level. An Affordable Path for All is designed to make a La Salle education more affordable for current students as well as to encourage future Explorers to apply who may have thought an education here was beyond their reach.
Since 1863, our University has committed significant resources to helping students and their families afford a La Salle education. In 2015-2016 over 97% of our students received generous financial aid and scholarships—made possible by alumni and other generous donors. For the 2016-17 academic year, we froze tuition at the prior year’s level, one of the few universities nationally to do so.
Under An Affordable Path for All, tuition will decrease to $28,800 for 2017-2018. And while La Salle scholarships and grants will be adjusted to compensate for reduced tuition, all returning students will save, some considerably. Returning students will also see significant savings over what they expected to pay for future years since any subsequent tuition increases will be made from a lower tuition base. Reduced tuition will also increase retention rates, keeping our Explorers in school so they can complete their degrees and go on to successful careers.
La Salle is one of a very few institutions—less than 3% nationally–resetting their tuition to increase affordability and accessibility. Already recognized, year after year, as a leader in college value by Money magazine, Forbes, The Economist, Brookings Institute and U.S. News & World Report, the education we provide our students will be an even better value moving forward.
An Affordable Path For All is more than a response to rising tuition costs. By reducing our tuition, a transformational La Salle education will be accessible to students from more diverse socioeconomic backgrounds, supporting our Lasallian values of inclusion.
I encourage you to visit lasalle.edu/tuitionreset, a microsite where you will find a video, Q&A and other resources. All students are receiving customized letters and emails explaining An Affordable Path for All and showing what their out-of-pocket tuition costs would be for 2017-2018 with and without it. Students are also being directed to the Office of Financial Aid should they require assistance, and questions can also be sent to firstname.lastname@example.org.
Colleen M. Hanycz, Ph.D.