JBU Announced 3.36 Percent Tuition, Room, Board Increase for 2015-16
RATE INCREASE LOWEST IN MORE THAN A QUARTER CENTURY
Siloam Springs, Ark. (February 16, 2015) - The John Brown University Board of Trustees has approved the new combined price for undergraduate tuition, fees, room and board for the 2015-16 academic year. The increase in cost from the 2014-15 academic year is 3.36 percent, the lowest rate increase in more than a quarter century.
“JBU is a leader in initiatives to keep Christian higher education affordable. We are consistently rated a best value in the South by US News and World Report,” said Don Crandall, vice president for enrollment management. “We work hard to keep our tuition affordable for our students and are proud to report that JBU is priced lower than 73 percent of our peer institutions across the country.”
JBU awarded $11.4 million in institutional scholarships for the 2014-15 academic year and is increasing the institutional student aid budget for 2015-16 by $300,000. Additionally, JBU awarded 543 scholarships worth a combined $1.96 million annually from endowed scholarship funds and the JBU Scholarship Fund, making the total scholarship aid available to students over $13.36 million in 2014-15 with the expectation to award more in the coming academic year.
“We have incredible institutional support at JBU. Through new financial aid that we have allocated for the 2015-16 academic year, we estimate the average effective impact of the increase will be about 2.5 percent,” said Kimberly M. Hadley, Vice President for Finance and Administration.
The JBU Advancement team is working to increase the endowment and sustain annual scholarship fund giving through the initiatives of JBU’s recently announced Campaign for the Next Century. JBU plans to allocate as much as $60 million of the $125 million campaign goal to student scholarships.
“Upholding our long-standing tradition of helping students attend college despite financial challenges is extremely important to us at JBU,” said Dr. Jim Krall, vice president for advancement. “Because of the many generous supporters who give to scholarship endowments and to annual scholarships at JBU, we are confident that we can keep JBU’s excellent education accessible to our students in the future.”
John Brown University is a private Christian university, ranked No. 1 overall and a Best Value among Southern regional colleges by U.S. News. JBU enrolls more than 2,800 students from 42 states and 40 countries in its traditional undergraduate, graduate, degree completion and concurrent education programs. JBU is a member of the Council for Christian Colleges and Universities and a founding member of the Evangelical Council for Financial Accountability.