Millikin University announced today that it will not increase prices for tuition or housing for the 2013-2014 academic year. For the second consecutive year, tuition prices will remain flat for all traditional and evening undergraduate degree programs at Millikin.
Millikin University's decision to hold tuition and housing costs for a second straight year is an indication of the institution's "commitment to both cost containment and to its students," as cited by Millikin University Interim President Rich Dunsworth.
"Millikin University is proud to be able to make this announcement; this is another step toward the University's goal of a sustained pricing effort," remarked Dunsworth. "While we can't make any promises for the enduring future, Millikin intends to continue its efforts of holding tuition prices for as long as possible."
Last year, Millikin University announced a zero percent tuition increase following the result of an internal study of more than 100 institutions and their pricing strategies.
"We appreciate the financial strain that investing in higher education puts on families. Our decision to hold tuition and housing rates for the second year in a row is indicative of our progress toward our goal of a systematic change in pricing in private education," remarked Dunsworth. "By doing so, we are able to hold education costs for our current students and ensure we are accessible to future Millikin students."
Annual tuition for Millikin's full-time undergraduate program is $27,852. Average annual housing rate is $5,000. Tuition for Millikin's PACE evening undergraduate program is $417 per credit hour. Ninety-nine percent of Millikin students receive financial aid totaling more than $32 million. Last year, 98% of Millikin graduates gained employment or entered graduate/professional school within six months of graduation.