Sensitive to the economic challenges facing working families and the rapidly escalating cost of higher education, for the second year in a row, Central College has announced its smallest price rate increase in more than 40 years.
Total price for tuition, room and board will be just 3.5 percent higher in 2014-15, down from 3.95 a year ago. Tuition for 2014-15 will be $32,124, with an additional $4,892 for room and $5,088 for a 20-meal board plan.
To help meet that expense, the college is committed to affordability and offers a strong financial aid program. More than 99 percent of students receive financial aid from Central College and via scholarships supported by generous alumni and donors. Aid packages distributed each spring may include scholarships, gift assistance, work study and student loans. About 93 percent of Central students who graduate do so within four years, further increasing the efficiency of their investments. And, 96 percent of Central students are either employed in a field of their choice, enrolled in graduate or professional school or completing a year of service within a year of graduation. Central’s low 3.6 percent two-year cohort default rate, as reported by the national student loan data system, is well-below the national average of 10 percent reported in fiscal year 2011.
“Central College is committed to making higher education affordable without compromising the strength of our academics or the experiences that benefit our students,” said Mark Putnam, president. “For the second year in a row, our board of trustees has invested in the future of Central College and our students – the young leaders of tomorrow’s world. As a campus community we have rallied together in the past few years to place every resource at our disposal to its highest and best use. We believe in our students and in developing meaningful relationships with students, faculty and families that will last over time.”