December 9, 2016
By fixing tuition all four years that students attend WAC, the new program will offer families and students more certainty in planning for the cost of tuition, as well as protection against inflation-driven tuition hikes.
Continuing its attack on the issues of college cost, access, and student loan debt, Washington College today announced FixedFor4, a fixed-rate tuition plan beginning with next year’s freshman class and encompassing current undergraduates. President Sheila Bair, who has spearheaded the College’s efforts toward affordability over the past year, says the change will make it easier for students and their families to plan for and afford a four-year liberal arts education.
“Uncertainty makes financial planning difficult. For families on a tight budget, annual tuition increases make remaining in college financially untenable for many students,” President Bair says. “FixedFor4 means just what it says: Washington College students and their families will know precisely how much their tuition will be for the entirety of their four years here–guaranteed. That’s true regardless of whether the current economic worries about increasing inflation hold true. With FixedFor4, even as other costs may go up, we will protect families from tuition hikes.”
Here’s how FixedFor4 will work: Beginning next fall, tuition will increase 2 percent—to $43,702—to help cover the transitional cost of the program. That will be the fixed rate for freshmen who graduate in four years (the Class of 2021), as well as for students already enrolled. Beginning in the fall of 2018, tuition increases for freshman classes will be evaluated annually, but the rate, once set, will remain fixed for the students’ four years. The cost of room and board is not part of tuition and will continue to change annually depending on economic factors.