King Announces Student Fee Structure for 2013-14; No Increase from Prior Year
posted February 4th, 2013 by Chet Brock
King University announces tuition and fees will see no increase for the 2013-2014 academic year. An awareness that affordability is of increasing concern for students and parents led King to initiate research about how the 146-year-old institution could develop a fee structure that allows students an affordable option to maximize financial aid and decrease post-grad debt. The results of the initiative include both the zero percent tuition and fee increase for all students and a more robust academic merit scholarship program for incoming freshmen and transfer students.
On Jan. 23, 2013, King President Dr. Greg Jordan announced to students that King College is officially becoming King University on June 1, 2013. The name change is the natural unfolding of King’s strategic plan, unveiled in 1998, and updated triennially, to create a much broader mix of academic programs based on a university model.
“The executive leadership and King’s board of trustees have worked to develop a tuition and fee structure for 2013-14 that eases some of the financial burden of attending college. We are pleased to have found a way to accomplish a zero percent increase and continue providing the exceptional, quality academic experience for which King is known,” stated Jordan. “King University continues to be a leader in higher education through the growth of its Traditional Undergraduate, Graduate and Professional Studies, and Online Programs, and the zero percent increase will be of assistance to students in all categories.”
Through data compiled by an advocacy group, the Institute for College Access and Success, The New York Times reported the average amount of debt students have at graduation has increased at a vast majority of colleges and universities in the United States.
Currently, when compared to other institutions of higher learning, King graduates, both undergraduate and graduate, have significantly lower average debt upon graduation than other regional schools, both private and public. The data showed that King University’s average graduate debt in 2010 was only $13,484, while five neighboring public and private institutions averaged $21,382 in graduate debt.
“Colleges across the nation have been experiencing increased costs because of weakened economic conditions,” said Dr. Rob Littleton, vice president for Student Affairs. “Coupled with the significant amount of financial aid available to King University students, we believe this fee structure maintains King as a remarkable value in higher education. Our goal is to provide the best resources available to assist our graduates in completing their degrees with as little debt possible.”
To supplement the University’s work in keeping costs down, the State of Tennessee invests more than $280 million a year in student funding through the Tennessee Education Lottery Scholarship programs and the Tennessee Student Assistance Award. These factors, combined with other loan and grant opportunities, as well as private assistance through King’s Student Financial Services, will continue to make education at King affordable.
For more information about King University, please visit www.king.edu.