QU Announces Two-Year Tuition Lock
In response to the family financial challenges associated with the COVID-19 pandemic, Quincy University will lock its undergraduate tuition for the next two years. Room and board also will remain the same in the next two academic years.
Tuition will increase by 2% for the 2020-2021 academic year, with no tuition increase for the 2021-2022 academic year. A small increase in room and board for 2020 will be followed with no increase in 2021.
“By announcing a two-year tuition lock, Quincy University is making a historic commitment to its students and families,” said Brian McGee, Ph.D., QU president. “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 the harmful economic impact of the COVID-19 pandemic now obvious to all, QU has committed to giving students and families the security of a set tuition rate for the next two academic years. As part of the tuition lock, the university will charge the same annual rates for tuition, housing and food services over the next two years.
“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 2020-2021 academic year, and financial aid awards have already been provided to some new and returning students.”
With the support of our Quincy University Board of Trustees, we are now making an extraordinary commitment to our families, who are looking for financial security in these uncertain times. We are committed to working with each and every family and student to ensure that a Quincy University education is affordable.”
This is the first time QU has ever made a two-year commitment for tuition, room and board.
“There are so many factors to consider when selecting a college with your student,” said Dale and Wendy Steinkamp, current parents of a QU freshman. “Quincy University has always been an affordable option that is now easier to budget with the two-year lock on tuition. Our daughter will have a solid understanding of her education expenses as she plans for her future.”
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, beginning fall 2020. 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,” said McGee. “This is the newest way in which we will make a 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. I thank the faculty, staff, parents, alumni and supporters of QU who have worked together this month in response to the pandemic and have ensured a strong academic experience for our students.”
Inquiries about admission and financial aid should be directed to Tom Oliver at firstname.lastname@example.org or online at discover.quincy.edu.
Founded in 1860 by Franciscan friars, Quincy University (www.quincy.edu) is celebrating 160 years as a Catholic, co-educational, liberal arts, residential university. Quincy University offers undergraduate, graduate, and adult education programs that integrate liberal arts, active learning, practical experience, and Franciscan values. Faculty and advisors work with each student to design a customized success plan to help them graduate on time, find their passion and prepare them for life. Quincy University’s intercollegiate sports are members of the NCAA Division II Great Lakes Valley Conference for men and women. For more information, please contact the Quincy University Office of Community Relations by calling (217) 228-5275. Quincy University. Success by Design.