IPFW issued the following news release today:
FORT WAYNE, Ind.– Beginning with the fall 2018 semester, Purdue University Fort Wayne will implement banded tuition for all incoming and current undergraduate students.
With banded or flat rate tuition, a single tuition rate is charged for credits within a defined range. At Purdue Fort Wayne, undergraduate students will pay the same basic tuition rate for a course load of 12 to 18 credit hours per semester. Those undergraduate students enrolled in less than 12 credit hours will continue to pay a per credit hour rate. Undergraduate students enrolled in more than 18 credit hours will pay the banded tuition rate plus the per credit hour rate for each additional credit.
“Banded tuition makes it easier for students and their families to plan for the cost of college,” said David Wesse, vice chancellor for financial and administrative affairs. “It also gives students the opportunity to take the number of credit hours that works best for them without the financial worry.”
The university is implementing banded tuition for undergraduate students as a way to encourage on-time graduation and reduce the cost of their education. According to the Indiana Commission for Higher Education, an additional year of college can cost a Hoosier student more than $50,000 in tuition, lost wages, and related costs. Students who take advantage of the banded rate and enroll in 15+ credits per semester are more likely to graduate in four years of less.
“Having one flat rate for nearly all full-time students allows them the opportunity to consider getting a minor or a certificate that they might not otherwise have been able to afford,” said Carl Drummond, vice chancellor for academic affairs and enrollment management. “Some of our overachieving students might even have the opportunity to complete their degree in fewer than four years.”
In addition to the implementation of banded tuition, the university will eliminate the current per credit hour differential fee that is charged for online courses.
Banded tuition rates will not apply to graduate students.