BU will defer per-credit tuition pricing pilot

BU will defer per-credit tuition pricing pilot

UPDATE: Friday, April 17, 2015

We are encouraged by the renewed commitment to higher education funding from Governor Tom Wolf. It is refreshing to be part of a discussion that may bring a level of funding Pennsylvania's State System of Higher Education has not experienced in many years.

In conjunction with the State System Board of Governors' vote to freeze tuition for 2015-16, Bloomsburg University will defer our per-credit tuition pricing pilot for the coming year. As the governor's proposed budget makes it through the state legislature, we remain committed to providing our students with a high-quality, affordable education and the support services that will facilitate timely graduation.

What can I expect to pay next academic year?

Given the deferment of the per-credit tuition pricing pilot for the upcoming academic year, Bloomsburg University will continue to use the tuition pricing structure currently in place for 2015-16. Under this structure, tuition is charged at a flat rate for all undergraduate students taking 12-18 credits per semester.

For Immediate Release: Jan. 22, 2015

BLOOMSBURG — Bloomsburg University undergraduate students will pay a fixed, per-credit tuition fee starting in fall 2015 under a plan approved by Pennsylvania’s State System of Higher Education Board of Governors at the Jan. 22 meeting.

The new tuition pricing structure, being introduced under a two-year pilot program, will charge all undergraduate Pennsylvania resident students $284 per credit and all undergraduate non-resident students $568 per credit during academic year 2015-16. Previously, the university charged full-time undergraduate students enrolled in 12 to 18 credits a flat tuition rate.

BU’s Council of Trustees recommended Board of Governors’ approval for the pilot program during the December 2014 meeting. The plan will allow the university to structure its tuition revenue, the largest portion of revenue, in a more sustainable way and support several long-term strategic enrollment management goals. The Board of Governors previously agreed to similar tuition pricing plans at Millersville and Clarion universities and 17 additional flexible tuition- and fee-pricing plans for institutions across the State System. A per-credit pricing plan for Indiana University of Pennsylvania also was approved at the Jan. 22 meeting.

The new per-credit-hour tuition pricing brings Bloomsburg in line with many higher education institutions across the country and is guided by two elements of the institution’s strategic plan – enrollment management and fiscal sustainability.

“This plan allows students to predict undergraduate tuition one year in advance, therefore helping families plan ahead,” said John Loonan, BU’s vice president for administration and finance. “We expect this will positively impact BU’s retention and recruitment.”

Under the plan, students will pay for the number of credits for which they enroll. The 2015-16 rate for Pennsylvania undergraduate students is $284 per credit. Each semester, that equates to $3,408 for 12 credits and $4,260 for 15 credits. To ensure the per-credit pricing plan does not harm students who have unmet financial need, BU will commit $3 million for tuition grants to assist students whose new or continued enrollment may be adversely affected.

Under the plan, BU’s per-credit tuition rate for Pennsylvania resident students will lag one year behind that set each July by the Board of Governors. The per-credit tuition rate for non-resident students will be set at two times the Pennsylvania resident tuition rate.

While transitioning to the new pricing model, BU will freeze 2015-16 tuition at the 2014-15 per-credit rate of $284 for undergraduate in-state students. The institution will also decrease the 2014-15 per-credit tuition rate for undergraduate out-of-state students by 20 percent to $568 per credit for 2015-16. Fees, including room and board, will be set by BU’s Council of Trustees later this spring.

“When compared with other State System universities, Bloomsburg is positioned to remain the lowest in terms of mandatory fees and lower than most for room and board,” Loonan said. “Bloomsburg University is a very good value for all of our undergraduate and graduate students.”

The two-year pilot program will run through summer 2017. It will be monitored at the end of each year to ensure enrollment and revenue projections are being met.