Here’s some welcome news for my fellow college students dealing with expensive tuition! Purdue University is freezing tuition costs for the next two years in response to the nation’s weak economy. Temple University, the University of Texas at Austin, University of Main and all public colleges in Arizona are among other schools that have already implemented a tuition freeze. The Daily Nebraskan is also reporting that the University of Nebraska is proposing a tuition freeze for in-state students.
The cost of basic in-state tuition for students at Purdue’s main campus will remain about $10,000 until the end of the 2014-15 school year.
Purdue President Mitch Daniels said in a statement “in this period of national economic stagnation, it’s time for us to hit the pause button on tuition increases.”
He says Purdue’s students and families “deserve a high-value education that they can afford.”
The Journal & Courier reports that under the freeze, the current base tuition for Indiana and out-of-state students on the West Lafayette campus will remain unchanged for two years.
Purdue will announce a savings plan with a focus on administrative efficiency.
In other great news for Pudue, the school received a $65M anonymous donation last month. Purdue Board of Trustee Chairman Keith Krach and Provost Tim Sands previously said the university donor base and potential new donors were excited by Daniels becoming president and that large gifts were likely to follow.
Purdue spokesman Chris Sigurdson said, “The anonymous couple pledged the money as an estate gift that will go to the school following their deaths.” Mr. Sigurdson says the gift is worth $65 million, but that will continue to grow.
The money will come to the College of Agriculture without any restrictions, so the college can decide how the money is spent.