HUNTINGTON, Ind.— Huntington University’s annual tuition is nearly $5,000 below the national average, and the modest increase approved for next year will help keep Huntington among the region’s best values.
As Huntington University strives to make education affordable for all students, the Board of Trustees has approved a moderate increase of 3.9 percent for tuition and fees for the 2011-12 school year, according to Tom Ayers, vice president for business and finance.
Huntington’s tuition rate for the 2011-12 school year will be $22,710 with $500 in fees and $7,680 for room and board costs. According to College Board, the average tuition rate for a private college education in 2010 was $27,293.
To provide more financial support for students, Huntington is also continuing its Loan Repayment Assistance Program for next year’s freshman class. The LRAP is a program to assist students in the repayments of their loans after graduation. The LRAP covers all or a portion of a student’s loan up to a certain threshold.
“The LRAP should prove helpful in reducing anxiety among students and their families when considering student loans,” Ayers said.
Approximately 90 percent of Huntington University students receive financial aid in the form of scholarships, grants, loans or work-study assistance.
Huntington University was ranked fifth in the “Great Schools, Great Prices” category for best-value colleges in the Midwest in the 2011 version of the guide to America’s Best Colleges published by U.S. News & World Report. This ranking is based on the percentage of students receiving need-based grants, the average cost of tuition after receiving those grants and the average discount from the total cost. Among independent colleges in Indiana, Huntington ranked 10th out of 31 schools for the lowest tuition rates in 2010.
For the 2010-11 school year, tuition was $21,850 while fees were $480 and room and board was $7,430.
Room & Board