McMurry University Board of Trustees sets tuition rate for 2010-2011

McMurry University Board of Trustees sets tuition rate for 2010-2011

By Gary Ellison Associate Director University Relations

 

 

 

ABILENE, Texas – The McMurry University Board of Trustees has approved a tuition and fee rate increase of 7.7 percent to $20,680 annually. Under the university’s block tuition system, a student taking 16 class hours per semester next year will pay $646 per hour in tuition and fees.{{more}} “In the last five years, McMurry has invested in academic and capital projects that have made immediate and long term improvements. Current and prospective students and their parents expect an enhanced quality and value from McMurry from these changes,” said Dr. John Russell. “To continue moving forward in making McMurry attractive to the best students, we must ensure that we have the annual resources to support our educational mission.” McMurry Student Government President Josh Neaves, who participated in the Board of Trustees discussions on tuition, said “I can see both sides of the issue. From a student point of view, no one likes to see an increase. However, if students can see how the extra money is going to be used to enhance the quality of their experience at McMurry both inside and outside the classroom, they can better understand the reasons behind the increase.” McMurry has averaged a 5.8 percent tuition growth over the past three years, modest in comparison with other private university tuition rate increases during the same period. The University remains competitively priced below the majority of colleges in its regional classification as recognized by its inclusion into U.S. News Best Colleges-Best Buys category eleven times in the past 13 years. To offset some of the increased cost, McMurry has improved institutional financial aid from $4.5 million in 2005 to $8.4 million in 2010, an eighty-seven percent increase. Ninety-four percent of McMurry students receive some form of financial assistance. McMurry University uses a block tuition model which allows the student to have some control over the average cost of a tuition hour. Students are allowed to take from 12 to 21 hours per semester for the same block tuition rate. The block rate allows students to take more hours per semester and lower their tuition costs, encouraging earlier graduation and less student loan expense. McMurry’s University Enhancement Fee, which funds the wireless tablet PC initiative, capital improvement projects to enhance the general campus appearance and disability access, and support for on-line courses and improved student communication, will remain unchanged at $860 annually. The Board will approve the final budget for 2010/2011 at its October meeting.