QUINCY — Quincy University announced that it plans to lock undergraduate tuition and room and board rates for the next two years.
The university said Friday that tuition will increase 2% for the 2020-21 academic year, but will not increase in the 2021-22 in response to "family financial challenges associated with the COVID-19 pandemic." Room and board will see a slight increase in 2020 with no increase in 2021.
"By announcing a two-year tuition lock, Quincy University is making an historic commitment to its students and families," said QU Presdient Brian McGee. "Next year, QU will have one of the smallest percentage increases in tuition we have had in the past 40 years. And, in 2021, there will be no tuition increase at all, for only the second time in the modern history of the university."
"With some exceptions, universities typically increase their tuition and other fees every year, often in response to inflation or increased regulatory expenses," said Tom Oliver, vice president of enrollment management. "Consistent with expectations for inflation, a modest 2% tuition increase had already been factored into the financial aid associated with the 2020-21 academic year, and financial aid awards have already been provided to some new and returning students."
This is the first time QU has ever kept rates for tuition, room and board two years in a row.
In recent years, Quincy University announced several new initiatives to reduce college expenses for its students and increase the value of its experience. Earlier this year, Quincy University announced its local option to reduce residential charges for students in the Quincy area starting this fall. In 2019, the university shifted to all-inclusive tuition, with no separate institutional or parking fees and with books included as part of tuition.
"For us, student success is by design, with an outstanding Quincy University education for every student," McGee said. "This is the newest way in which we will make Catholic and Franciscan education affordable and accessible to all."
Currently, 98% of Quincy University undergraduate students receive financial assistance.
"President McGee and the Quincy University Board of Trustees are making a commitment to take care of our community," said Delmer Mitchell, chair of the Board of Trustees. "Together, we are going to support one another in these challenging times and make sure every admitted student has the opportunity to attend and graduate from Quincy University."