University lowers published tuition price to $28,000
Unraveling the Mystery of Published Tuition Costs
For many students and families, affording the cost of a private university with a tradition of academic excellence and community leadership like University of Detroit Mercy has become more challenging each year. High tuition prices published on university websites and information about how scholarships and financial aid reduce that cost often leave families unclear about the actual price they will pay. The result? Many highly accomplished, well-qualified students see the published tuition cost of an institution and decide not to look at the University any further or even apply.
Defining Tuition
A university's published tuition — often referred to as the sticker price — is based on the number of credit hours a student takes in a degree program. It does not include room and board or books. Through the Assure Your Boundless Future: Tuition Reset, Detroit Mercy has reduced the published tuition cost from $41,158 to $28,000.
Beginning Fall 2018, Detroit Mercy will offer the transformative experience of a Catholic, Jesuit and Mercy education at the lower full-time undergraduate tuition rate. This is a more precise cost that families will pay before scholarships and financial aid are awarded. As a result, Detroit Mercy is in an even stronger position to attract more academically talented students and their families who were previously deterred by the high tuition cost and never seriously considered the University as a possibility.
Benefits
PUBLISHED TUITION RATE LOWERED 32 PERCENT BEFORE SCHOLARSHIPS & AID
Students will pay less in the long run because average annual tuition increases of 3-4 percent will be calculated using a lower base tuition rate.
A MORE PRECISE TUITION RATE FOR STUDENTS & FAMILIES
A lower published tuition rate provides prospective students with a clearer understanding of their actual cost of attendance so that they can make well-informed decisions.
MORE STUDENTS CAN ATTEND A HIGHLY-RANKED INSTITUTION
Detroit Mercy’s actual price is an amazing value. Our highly-ranked programs, in-depth research opportunities and meaningful internships prepare graduates for top careers throughout Detroit and beyond.
The Right Time
Detroit Mercy has generated enormous momentum as a result of several positive developments that have garnered local, state and national recognition for our in-demand academic programs. The Assure Your Boundless Future Tuition Reset is part of a larger, comprehensive series of initiatives that demonstrate our renewed commitment to innovation along with the renaissance of Detroit – there has never been a better time for Detroit Mercy to implement this tuition reset.
Some of the recent accomplishments include:
- An overall enrollment increase for fall 2017 and three years of new student enrollment increases.
- Increases in retention.
- Rising national rankings.
- An endowment that has doubled since 2011.
- Several federal and private grants to support first generation students and academic success, STEM programs and local secondary students.
- Significant commitment and increased activity in neighborhood enhancement efforts through The Live6 Alliance and service-learning projects.
- A comprehensive $100 million campaign that has raised more than $78 million thus far, a significant proportion of which will support endowed scholarships for students.
- New and renovated facilities that accommodate more enrollment growth.
No longer will our inflated sticker price overshadow our actual price. Our actual price is an amazing value.
