Mount Union Named a “Tuition Hero”
November 19, 2015
ALLIANCE, Ohio – The University of Mount Union has been named a “Tuition Hero” by Tuition Heroes, an organization that recognizes colleges and universities that have worked successfully to control tuition increases.
Any institution with a compound annual growth rate of 2.5 percent or less over the last four consecutive years, or that offers a fixed rate tuition policy, is deemed a “Tuition Hero.” The tuition information used is provided by the College Affordability and Transparency Center of the U. S. Department of Education.
"It is very challenging for colleges and universities to manage their costs. As centers of innovation and improvement, we seek to provide an exceptional experience for our students, and that often requires additional spending,” said Dr. W. Richard Merriman, Jr., president of Mount Union. “By focusing on improving efficiencies, we have been able to keep our price low relative to our peer group. In fact, our sticker price is already lower than some of the colleges in our region that have implemented tuition freezes or tuition reductions.”
Mount Union has a long history of keeping its prices low, and any annual increases in tuition have historically been well below the national average. In fact, a study comparing similar Ohio private colleges found that Mount Union’s gross tuition was 13% below the average cost of the other institutions in 2013, and the University’s room and board is priced at one of the lowest levels in the state.
In addition, through its financial aid and merit-based programs, Mount Union strives to make its high-quality education accessible to students of all financial backgrounds. About 98% of undergraduate students receive some form of financial aid, and more than 86% receive need-based aid. The University offers nearly $26.8 million in grants and scholarships each year, ranging from $1,000 awards to full-tuition scholarships.
“We take great pride in the value of the Mount Union experience while remaining committed to making our high-quality education accessible to students of all financial backgrounds,” added Merriman. “And, with our generous financial aid and scholarship program, we are confident that our net tuition is very competitive with both our private peers and the state universities.”