ELON — Elon University has set tuition for 2018–2019, increasing overall attendance costs by 3.05 percent — a difference of $1,407 from $46,142 to $47,549. Undergraduate tuition will be $34,850, a more modest increase of 1.7 percent.
Elon will use the additional money to increase the number of scholarships and financial aid packages available to students. It will be used also to hire additional Physical Plant employees, administrative assistants and three new health and wellness counselors.
“Our goal is to carefully steward resources and ensure that new investments are targeted to support Elon’s student-centered programs,” President Leo Lambert said Thursday in a news release.
The 3.05 percent rise in attendance costs will be the second-smallest percentage increase in more than 25 years, Lambert added. Increased tuition revenues will help support operational expenses associated with buildings scheduled to open in the fall.
The Schar Center, Elon’s 5,100-seat convocation center, will be the host site for major on-campus events as well as basketball and volleyball games. Elon also is opening a new academic building near the business school, a learning center on the east side of Belk Library, and three residence halls accommodating 300 underclassmen.
On March 13, the university will host its annual Elon Day to raise money for additional programs of donors’ choosing.
“It’s our chance to spread the word about our university through social media and also make an annual gift to support the programs that mean the most to you and your student,” Lambert said.
The event will be one of the first opportunities for President-elect Connie Book to reintroduce herself to the Elon community. She will begin service as Elon’s ninth president March 1.
Lambert said Elon’s budget aims to support the university’s expansion efforts while simultaneously making attendance affordable in comparison to other private universities.
“Elon’s budget strategies are focused on remaining an excellent value in private higher education, and next year’s cost will maintain a tuition level that is $15,000–$20,000 below the majority of our peer institutions,” he said. “Most schools on Elon’s peer list now have total costs well above $60,000.”