Concordia University St. Paul to cut tuition and fees by $10K
posted on Thursday, Sep 13 2012
New and current students who enroll in Concordia University’s traditional undergraduate program will pay less for tuition next fall, as the school in St. Paul, MN will lower its tuition rate by $10,000 for the 2013–2014 academic year. First announced on the Star Tribune, this tuition cut represents a 33-percent drop from 2012–2013 rates and puts a quality liberal arts education within reach of more students.
“The economic recession has eroded the financial situations of the students and families we serve, so we recognized the call to respond in keeping with our mission to provide an education of outstanding value at an affordable cost,” said Tom Ries, president of Concordia.
Concordia University cites national data that measures a college degree’s perceived value as a key factor in lowering tuition. According to a Pew Research Center survey, only 40 percent of respondents believed higher education offers good financial value. Additionally, the Country Financial Security Index noted a 24-percent drop between 2008 and 2012 in the number of people who felt college provided a good investment.
“In resetting our tuition to a price last seen a decade ago, we are responding to the concerns of students and families who feel our nation’s colleges have become unaffordable,” said Ries.
The university will not eliminate any components of the Concordia educational experience, in or out of the classroom, to accommodate the tuition decrease.