Rising Prices: College Tuition Increases
In the new knowledge-based economy, affordable postsecondary education is more critical than ever.
Over the past two decades, changes in state funding, tuition and financial aid have made postsecondary affordability a growing problem.
And while state and federal support for financial aid has increased over the past decade, it has not kept pace with tuition increases.
College tuitions have increased on average by 76 percent at public four-year institutions over the last decade. Private four-year institutions have seen an average increase of 62 percent.
While the average cost of college tuition has risen more than 65% over the past decade, median family income has risen by only 5 percent. (solutionsforourfuture.com)
As any father or mother who has a student in school can attest, the cost of going to school has been on the rise for as long as you can remember. Colorado Theological Seminary has done its best to keep tuition affordable for its adult learners. We have only had two tuition increases in the last ten years, and they have been nowhere near the national figures listed above. The staff of CTS work extremely hard to keep costs low and operations streamlined so that you, the student, do not have to go into extreme debt in order to benefit from from our distance learning education. But, there comes a point in a company's life cycle when it needs to consider changes.
To this end, CTS will be increasing base tuition costs as of December 1, 2009. This is being done in order to defray the rising costs from our vendors and suppliers. With very low margins, there is a need to pass costs onto our students. This is simply a business necessity. However, after analysis of our costs to other comparable seminary and Bible colleges with similar associations and affiliations, CTS will continue to be the affordable alternative.
