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S M T W T F S

Tennessee Private Colleges and Universities Keep Tuition and Fees Low Compared to Nation

6/8/2005

 

Nashville, TN —Undergraduate students attending a private college or university in Tennessee pay less than those students attending private colleges in most other states, according to the Tennessee Independent Colleges and Universities Association (TICUA). 

 

For academic year 2005-06, undergraduate students attending a private college in Tennessee will pay about $14,750 per year. This figure is nearly 27 percent less than the 2004-05 national average ($20,080) reported by The College Board.

 

For 2005-06, the tuition and fee figure for attending a TICUA member institution increased by about 7.5 percent from the previous year. This increase is slightly higher than the increase in 2004-05, which was about 6 percent. 

           

“It is our intention to continue to make our institutions accessible to students,” said Mr. Jeff Nesin, Chair of TICUA and president of Memphis College of Art. “By keeping our increases—which have been between 6-8 percent each year over the last five years—predictable, students are able to make the right choice for their future based on their individual needs.”

 

In addition, according to TICUA, over 75 percent of students attending private colleges and universities in the state receive some form of financial support. Our 37 member colleges and universities provide over $230 million in support to students attending private colleges in non-payback student aid. In 2004-05, students attending our member institutions benefited from about $34 million in grant aid awarded by the state.  In 2003-04, students attending our institutions received about $31 million in grant aid from the federal government.

 

“It is very important to recognize that nearly every student receives some form of aid or scholarship award to attend a private college or university in Tennessee ,” said Claude Pressnell , president of TICUA.  “Last year, for instance, private college students participated in the new TELS award program—providing students millions of dollars in student aid.  What more aid means to our students is less money that they have to borrow for college. ”

 

About 5,400 students attending private colleges benefited from the new Tennessee Education Lottery Scholarship (TELS) program, according to the Tennessee Student Assistance Corporation. This scholarship program, based on academic performance, gives $3,300 per year to in-state students attending any four-year institution in the state of Tennessee .  To date, this money has provided students attending our member colleges and universities about $16 million. 

 

“Our goal is to continue to preserve the quality of private colleges and universities in the state, while allowing students the opportunity to attend the institution of their choice,” said Pressnell. 

 

In fall 2004, nearly 60,000 students were enrolled in private colleges and universities in the state.  TICUA engages Tennessee 's private colleges and universities to work collaboratively in areas of public policy, cost containment, and professional development to better serve the state and its citizens.  For more information about TICUA, please visit our website at www.ticua.org