GRAND CANYON UNIVERSITY EXTENDS TUITION FREEZE FOR 16th CONSECUTIVE YEAR

Rhea-AI Summary

Grand Canyon University (GCU) has announced that tuition on its Phoenix campus will remain at $16,500 through 2024-25, marking the 16th consecutive year of a tuition freeze. More than 90% of traditional students qualify for institutional scholarships, totaling $180 million in 2023, bringing the average tuition cost to approximately $9,200. GCU's average room and board costs are also below the national average at just $9,910. The university has invested more than $1.7 billion in academic infrastructure, resulting in significant growth in enrollment and campus size.

Positive

• Tuition freeze for 16th consecutive year
• More than 90% of traditional students qualify for institutional scholarships totaling $180 million
• Average tuition cost approximately $9,200
• Average room and board costs below national average at $9,910
• Investment of more than $1.7 billion in academic infrastructure
• Significant growth in enrollment and campus size

Negative

• None.

Tuition on Phoenix campus will remain at its current cost through 2024-25

PHOENIX, Dec. 14, 2023 /PRNewswire/ -- As the price tag to attend college continues to skyrocket across the country, Grand Canyon University is freezing tuition costs on its Phoenix campus for the 16^th straight year.

The private Christian university's ground campus tuition in 2024-25 will remain at $16,500 before institutional scholarships are included. Because more than 90% of GCU's traditional students qualify for institutional scholarships that totaled $180 million in 2023, that brings the average tuition cost in 2023-24 to approximately $9,200, which is comparable to public universities and well below other private schools. That total does not include federal aid such as Pell grants and subsidized student loans or external scholarships that lower students' out-of-pocket expenses further. In addition to tuition, GCU students pay an average of roughly $1,150 annually in fees, excluding book access fees, which is often much less than other universities.

According to data from the College Board's "Trends in College Pricing and Student Aid Report," since 2008-09 when GCU began its tuition freeze, the average cost for in-state tuition and fees at four-year public colleges has risen 71% to $11,260, while it has risen 65% to $41,540 at four-year private institutions.

"Education is a critical component that can create equality of opportunity for all socioeconomic classes and promote upward social mobility in society," said GCU President Brian Mueller. "That should be a significant objective for all universities. Freezing tuition costs is one way that we ensure higher education is affordable to all socioeconomic classes. That increases diversity on college campuses (over 40% of GCU's enrollment is students of color), makes higher education more accessible to first-generation college students and helps prevent students from taking on large amounts of debt."

GCU's housing costs are also well below the national average. The average cost for room and board at a four-year public college rose to $12,770 in 2023-24 and to $14,650 at a four-year private institution, according to the College Board. GCU's average room and board cost is just $9,910 even though nearly all of the modern residence halls have been built in the past 12 years and roughly 64% of the university's beds are single-occupancy, apartment-style living.

Since 2009, enrollment on GCU's campus has grown from less than 1,000 traditional students to more than 25,000 while the physical campus has tripled in size to 300 acres. The university has invested more than $1.7 billion in academic infrastructure that includes new degree programs, classrooms, laboratories, research spaces, residence halls and technologies throughout its 10 colleges.

"We have been truly blessed with the remarkable transformation that has occurred on our campus," Mueller said. "What's even more amazing is that we have been able to accomplish that without passing those costs on to our students through tuition increases on the ground campus and without the state tax subsidies that traditional public universities receive."

About Grand Canyon University: Grand Canyon University was founded in 1949 and is Arizona's premier private Christian university. GCU is accredited by the Higher Learning Commission and offers 336 academic programs, emphases and certificates for both traditional undergraduate students and working professionals. The University's curriculum emphasizes interaction with classmates, both in-person and online, and individual attention from instructors while fusing academic rigor with Christian values to help students find their purpose and become skilled, caring professionals. For more information, visit gcu.edu.

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SOURCE Grand Canyon University

FAQ

What is the tuition cost at Grand Canyon University's (GCU) Phoenix campus for 2024-25?

Tuition on GCU's Phoenix campus will remain at $16,500 through 2024-25.

How much do institutional scholarships at GCU total for traditional students?

More than 90% of traditional students qualify for institutional scholarships totaling $180 million.

What is the average tuition cost for students at GCU?

The average tuition cost for students at GCU is approximately $9,200.

What are the average room and board costs for students at GCU?

The average room and board costs for students at GCU are below the national average at $9,910.

How much has GCU invested in academic infrastructure?

GCU has invested more than $1.7 billion in academic infrastructure.

How much has the enrollment at GCU's Phoenix campus grown since 2009?

Enrollment on GCU's campus has grown from less than 1,000 traditional students to more than 25,000 since 2009.