IU Reduces Tuition 25%
There can be various obstacles to obtaining a college degree. With this in mind, Immaculata University initiated the “Immaculata Advantage,” which focuses on making college more accessible and also affordable. In addition, a rebalancing of its tuition and scholarship structure will be introduced that will better reflect the actual “bottom line” that full-time undergraduate students pay per academic year. This rebalancing will provide more families with the ability to attend Immaculata.
Starting in fall 2017, tuition will be reduced by 25% to $26,500. Along with last year’s 10% reduction in room and board, Immaculata is demonstrating its commitment to accessibility for students. The Immaculata Advantage allows prospective students, who may have forgone the University as an economically viable option due to its published tuition under the high-tuition, high-discount model used widely for years in the private college market, to make their decisions on a much more accurate basis. Once institutional, federal and state aid are applied, many students will have a more manageable financial gap, meaning less out of pocket or smaller loans. Additionally, as part of this new initiative, students’ SAT/ACT scores will be optional when applying for most majors at Immaculata, allowing for a more holistic approach to college acceptance.
“With nearly 75% of jobs requiring an undergraduate degree within the next five years, I whole-heartedly believe that our Immaculata Advantage will allow families the ability to send their sons and daughters to college,” stated Immaculata President Sister R. Patricia Fadden, IHM, Ed.D. “The IHM congregation, with over 165 years of educating young people, has shown an undying dedication to providing quality education to the broadest possible pool of students. Immaculata has always striven to be affordable to our students, which is why we saw a 16% increase in enrollment last fall. Immaculata continues to make college affordable so that more people can attend.”
Immaculata is adopting this model to showcase how truly accessible an Immaculata education can be. With nearly 60% of Immaculata’s full-time undergraduate students earning their degree within four years, higher than the national average, students can graduate on time, thus entering the workforce earlier than their peers. Campus resources are available that help students and faculty keep track of courses so that most students graduate within the four-year timeline. Students are also committed to Immaculata as demonstrated by the 83% retention rate, higher than the national average. And once a student graduates, an Immaculata degree has proven to be a superior return on investment. Ten years after enrolling at Immaculata, alumni report a median salary of $47,600, well above the national median of $33,400.
Beyond the costs and availability, students will also benefit from the “Immaculata Advantage” by having the financial opportunity to live on campus. Recent research finds that students who live on campus are more likely to graduate than peers living off campus. Another positive outcome of the “Immaculata Advantage” is that first-generation college students, many from diverse backgrounds, may now choose to attend Immaculata, thereby enhancing the cultural experience and ideas which will benefit all students.
“I am very proud of the University’s commitment to increase the accessibility of a quality Immaculata education through the Immaculata Advantage. We are certain that these efforts will provide an increased opportunity for more students to now consider Immaculata as an affordable option,” stated Gerald J. Wargo, Jr., vice president for Enrollment Management.
For more information about the “Immaculata Advantage,” please visit www.immaculata.edu/advantage.
Immaculata University is a Catholic, coeducational institution of higher learning, located on the Main Line between Malvern and Exton, 20 miles west of Philadelphia.