Liberty University freezes tuition rates for second year
As the rising cost of obtaining a college degree weighs heavily on graduates across the country, Liberty University is taking a historic step toward reducing this financial strain by freezing tuition rates for two years in a row. Residential students for the 2020-21 academic year will enjoy the same value in tuition costs as they did in 2018-19 and 2019-2020. Liberty is also freezing rates for its online program for the fourth year in a row.
The move comes as college debt burden and tuition increases among public and private universities has emerged as a national issue for policymakers.
“We are meeting this issue head-on,” said Liberty President Jerry Falwell. “Liberty remains committed to providing a world-class education within a Christian worldview, and assisting our students financially is a large factor in that. Our graduates are making an impact all over the globe, from nursing to teaching to engineering, and in many other disciplines. If we can help keep tuition costs down, they will meet their goals sooner and will have an even greater impact where they work and live.”
Falwell said the tuition freeze for the residential program is combined with the university’s new Middle America Scholarship, which is helping students from middle-income families who typically earn between $35,000 and $95,000 per year. Students with an expected family contribution from the Free Application for Federal Student Aid (FAFSA) that is 1-18,000 will receive the scholarship to bring them up to the equivalent of the full Federal Pell Grant amount each year. (For eligible students, if the federal government does not award them a full Pell Grant, Liberty pays the difference.)
This fall, Liberty is also increasing its investment in a scholarship program that will aid students from the local area. The Stay Close, Go Far Promise Scholarship program, sponsored and funded by the nonprofit Lynchburg Beacon of Hope, is the first local initiative of its kind in Virginia. The program pledges to invest up to $8,000 per local student (those who attended a Lynchburg City School from the ninth to 12th grades) over four years to go toward tuition at a partnering higher education institution. Liberty is one of the six colleges and universities to take part, but it’s going a step further by providing an additional $8,000 to help with the cost of meal plans. Through Liberty and Lynchburg Beacon of Hope, eligible high school graduates can receive up to $16,000 in scholarship aid over four years at Liberty. For more scholarships for Virginia residents, visit the admissions website.
Liberty’s online undergraduate students are also seeing more financial assistance. Liberty is providing digital textbooks and instructional materials to undergraduate students in its online program free of charge. This affects more than 700 courses, saving students up to $975 per year. Across the university’s online program, total savings could exceed $12.2 million.
Additional discounts and scholarships are also being made available to members of the military and first responders. Visit the scholarships website for more information.