Chancellor Jerry Falwell, Jr. has announced that Liberty University will be cutting tuition for the 2009-10 academic year by nearly $6 million in an effort to make college more affordable for both its new and existing students.
“In convocation last Wednesday I told the students to let us know if their families were experiencing financial difficulties,” Falwell said. “A number of them did so. In response to that feedback and, because of the general condition of the national economy, we decided to decrease next fall's tuition rates.”
Already published tuition rates for the 2009-10 academic year will be reduced to less than $16,000 for up to 36 credit hours. The previously published tuition for next year was $16,532.
The tuition cut is being offered to students who complete Financial Check-In prior to May 1.
To offset the tuition cut, the university may defer certain road projects, required by the City of Lynchburg, when enrollment on campus reaches 12,000 students. No academic or athletic projects are slated to be delayed.
The university made a decision last year to hold enrollment at 11,500 for the next two years.
Falwell said the administration is also considering innovative new loan programs for next fall, and the school is bolstering its Career Center to help students find jobs more easily.
“Liberty University has been blessed with generous contributions over the last two years and this is our way of sharing that generosity with our students in a time of financial crisis and layoffs across the entire country,” he said.
Chris Johnson, Vice President for Enrollment Management, said the move to cut rates “is another investment that the chancellor is making for students and families, helping those responsible for costs and allowing students to earn an education from the fastest-growing evangelical university in the world.”
The university is expecting an additional 3,900 students in the fall, with total resident enrollment estimated at 11,500.
Larry Hoezee, Resident Enrollment Executive Director, said Liberty continues to be an affordable option, and this recent decision is just one example of how the school is intent on recruiting and retaining Champions for Christ and ensuring that its students can commit to Liberty through their entire degree.
“We recognized that we need to do our part, so we’re stepping up,” he said.