PHOENIX, November 16, 2021 / PRNewswire / – Grand Canyon University announced today that it is freezing the tuition fees of its Phoenix campus for the 14the consecutive year, continuing its commitment to make higher education affordable for all socio-economic classes.
The tuition on the ground campus of the private Christian university in 2022-2023 will remain at $ 16,500 before institutional scholarships are included. Because more than 90% of GCU students are eligible for institutional scholarships which total $ 170 million in 2021, bringing the average cost of tuition fees in 2021-2022 to around $ 8,700, which is comparable to public universities and far below other private schools. This total does not include federal aids such as Pell Grants and subsidized student loans or external scholarships that further reduce student out-of-pocket expenses. In addition to tuition fees, GCU students pay on average around $ 1,100 annually in fees, which is often much less than public and private universities.
According to data from the College Board‘s Trends in College Pricing and Student Aid Report since 2008-09, when the GCU began its tuition freeze, the average cost of tuition and fees in four public colleges. years increased by 63% to reach $ 10,740, while it increased by 51% for $ 38,070 in private four-year schools.
“By ensuring that private Christian education is affordable, we have created an environment where there are equal opportunities for everyone”, president of GCU Brian Mueller noted. âThis has resulted in a high quality student body that is very diverse with 46% people of color, of which 28% are Hispanic and 6% African American. We are also proud of the fact that almost 40% of The new class of 9,000 new students are first generation college students. We have invested heavily in resources to help these students meet the challenges they face in a college environment. “
GCU’s housing costs are also well below the national average despite its residences ranked sixth best in the country according to niche.com. The average cost of room and board at a four-year public college has increased to $ 11,950 in 2021-22 and $ 13,620 at a four-year private institution, according to the College Board. GCU’s average room and board cost is fair $ 8,628 although almost all modern residences have been built in the past 10 years and approximately 55% of the university’s beds are individual apartment-style dwellings.
With affordable tuition and room / board fees, GCU graduates take on less debt (on average $ 21,073 according to 2018 College Scorecard data) than the reported national average in public and private non-profit colleges ($ 28,950 according to 2019 data from the Institute for College Access and Success).
During the 14-year tuition freeze, GCU invested $ 1.6 billion in new academic programs, technologies, classrooms, laboratories, research spaces, halls of residence and other student facilities in order to keep up with the growth of the university. Campus enrollment has grown from less than 1,000 traditional students in 2008 to 23,500 today, as the number of colleges has grown from 3 to 9 and the number of academic programs, accents and certificates has grown to nearly from 300.
âWe feel very fortunate that we were able to use our cash reserves to continue to develop the university without passing these costs on to the students through an increase in tuition fees,â said Mueller. âWe plan to invest a $ 400 million over the next four years, as we expand the ground campus to 40,000 students, yet we are committed to keeping tuition affordable for our students and their families. “
About Grand Canyon University: Grand Canyon University was founded in 1949 and is that of Arizona first private Christian university. GCU is regionally accredited by the Higher Learning Commission and offers nearly 300 academic programs, accents and certificates for traditional undergraduates and working professionals. The University’s curriculum emphasizes interaction with classmates, both in person and online, and individual attention from instructors while merging academic rigor with Christian values ââto help students. students to find their purpose and to become competent and caring professionals. For more information, visit gcu.edu.
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