The cost of college attendance continues to be of great interest to our prospective students here at Indiana Wesleyan University. Keeping a Christ-centered higher education accessible has been part of our institutional DNA since our founding in 1920.
The Council for Christian Colleges and Universities (CCCU) released the results of its annual tuition survey just before the end of the year. The survey tells an interesting story.
More than 400,000 students enroll annually in a member institution of the CCCU in search of a Christ-centered education. A less obvious benefit is the cost of attending one of those 117 colleges in the United States.
The CCCU tuition study confirms that member institutions continue to offer an excellent value in comparison to other private four-year U.S. colleges. Not only are CCCU colleges less expensive to begin with, annual increases in tuition and fees are growing at a slower rate than other private four-year colleges.
Here are comparisons for the 2014-2015 academic year:
Type of Institution Mean Percent Change
Private four-year $31,231 +3.7
CCCU colleges $25,112 +3.0
Public four-year $ 9,139 +2.9
To bring this closer to home, Indiana Wesleyan University has held tuition increases to 2 percent a year for the past two academic years. IWU’s current tuition and fees for residential students on the Marion campus total $24,102, which ranks 70th among all CCCU institutions.
That number is what colleges call the “sticker price.” When financial aid is factored in, the actual cost to attend a private college generally compares favorably with state universities. The average per student financial aid package at IWU is $17,148 a year, which, in effect, reduces the average tuition cost to $6,954.
There are about 1,600 private colleges in America, of which 900 have a religious affiliation. CCCU members are intentionally Christ centered, which means they are committed to transforming lives by faithfully relating scholarship and service to biblical truth.
Collectively, CCCU colleges employ 30,000 faculty members and offer 350 undergraduate majors and 150 graduate majors. The 1.8 alumni of CCCU institutions are leaders and contributors in all sectors of our society and economy.
The bottom line – spiritually, financially and academically – is that CCCU institutions have a lot to offer parents and prospective students.