WEST LAFAYETTE — For the 10th straight year, Purdue University will have flat tuition.
The tuition on the West Lafayette campus will remain frozen at 2012-13 levels through at least 2022-23, which means base undergraduate tuition will stay at $9,992 per year for Indiana residents and $28,794 for out-of-state students for the next two years.
Shortly after Mitch Daniels became the university's president, he announced tuition would not increase in spring 2013. According to the university, Purdue's tuition prices had increased every year since 1976 and had an average tuition increase of nearly 6% per year between 2002 and 2012.
Purdue went from being the second-most-expensive school in the Big Ten to the most affordable.
“We said very early on that we believe strongly that our students and their families deserve a high-value education that they can afford and that we will fit our spending to their budgets — not the other way around. Purdue is a national leader in the value of its degrees, and we intend to increase that value further,” Daniels said in a release. “Our story remains the same. As long as we are balancing our operating budget, growing our faculty, and investing in necessary projects, we see no good reason to charge our students more. Our commitment to affordability has helped save families millions of dollars and, coupled with prioritizing our investments, we continue to believe that Purdue is delivering higher education at the highest proven value.”
Total student borrowing is down 32% since 2011-12. The loan default rate for Purdue borrowers is 2.2%, compared to 7.1% for the average borrower from a four-year public university.
Purdue saw its largest freshman class ever this year at 8,925 students and its overall largest student body at 45,869.