Lindenwood University has announced it will freeze tuition and room and board for full time undergraduate students for the 06-07 school year.
President Dennis Spellmann said Lindenwood’s executive board today approved the freeze to benefit current and future students.
“We want to add a little certainty to help students and their parents plan in this uncertain time,” said Spellmann.
Lindenwood’s tuition and room and board cost for the full year will remain $15,600, with a 10-hour per week work commitment.
Spellmann said many institutions across Missouri were looking at a tuition increase to offset hefty cost increases in fuel and medical services. He said Lindenwood’s growth on its main campus and at off-site locations will cover those anticipated increases.
“We are debt free, and growing, so we are able to do this for our students,” said Spellmann.
To accommodate its growth, Lindenwood has spent more than $50 million in recent years on six new residence halls and a new campus center. The university is planning to break ground soon on a $32 million Fine and Performing Arts Center. The university also has added many program improvements along with 15 new faculty members this year.
“You can increase revenue by charging more for tuition,” said Spellmann. “But that will drive away students and parents who can’t afford it. Lindenwood would rather boost revenue by growing and increasing its enrollment.”
Spellmann said Lindenwood also has budgeted $29 million in scholarships and institutional financial aid to attract top student talent and those with economic need.
Lindenwood, based in St. Charles, has more than 30 locations in Missouri and Illinois. Spellmann said the university expects over 15,000 students this year.