The Eureka College Board of Trustees has voted to freeze tuition and fees at this year’s rates for next academic year. The freeze will apply to current and incoming students.
“Illinois’ recession was more severe than the nation’s as a whole, and our immediate region’s economic recovery has been occurring more slowly,” said Eureka College President J. David Arnold, citing information from Moody’s 2013 Economic Forecast. “Since a large portion of Eureka College students are from Illinois and they are dealing with this economic reality, we are committing to a partnership with our students and their families to ensure their college experience remains affordable and accessible,” Arnold said.
Tuition for full-time students in fall 2014 will be $10,030 per semester or $20,060 for the academic year. For most students, the cost is reduced through institutional aid as well as state and federal educational grants. Incoming freshmen receive an average of $15,000 to $18,000 in financial aid, which greatly reduces the cost to attend. This is the second time in the last 10 years that the college has frozen tuition.
“Eureka College has always been committed to keeping our exceptional educational experience affordable and accessible,” said Dean of Admissions Kurt Krile. “Since our founding in 1855, the college has consistently offered some of the lowest tuition rates among Illinois private colleges. This focus allows us to provide a private, liberal arts education to a diverse student base, including first-generation students, which improves the educational and economic capacity of our state.”
In addition to the tuition freeze, the college has developed a new institutional aid process in an effort to provide a straightforward approach for students and their families. Academic scholarships are now calculated based on two categories: a student’s high school grade point average and their ACT exam score. Additional scholarships, called engagement awards, will be given to students who show excellence in areas like community service, leadership and the fine and performing arts.
“We are being intentional about the type of student body we are creating, and by revamping our scholarship structure, we are able to better incentivize students who fit with the Eureka College ethos of learning, service and leadership,” said Director of Marketing and Communications Corrie Heck. “The continued significant investment in institutional aid and the freeze in tuition ensures that Eureka College students are graduating with a world-renowned private college education and relatively low levels of loan debt.”
Room and board costs for next academic year are being determined.