Monday March 8, 2010

Investing in Our People

The University will allocate income generated from tuition increase to help financially needy students, renovate residence facilities, bolster faculty and staff compensation, and develop curriculum.

The University of Dayton will increase undergraduate tuition, fees, room and board 4.25 percent for fall 2010. It's the lowest percentage increase in a decade.

University officials will bolster budgeted financial aid by $5.1 million to help financially needy students, allocate $2.8 million to finish a two-year renovation of Stuart Hall and target $1.9 million in compensation increases for faculty and staff.

In addition, the University will invest in a number of curricular initiatives, including the development of new courses for part of a proposed revision of the general education curriculum. New funds also will be targeted to programs for preparing liturgical music ministers and young catechetical leaders; such faculty development initiatives as the new Global and Intercultural Faculty Study-Travel Program; and the development and renovation of new classrooms in NCR's former world headquarters on Old River campus.

"We are committed to continuing the University of Dayton's forward momentum by investing in curricular innovations and student housing," said Daniel J. Curran, president. "At the same time, as the University of Dayton grows in national prestige, we want to ensure that we remain accessible to students from all socio-economic walks of life. Approximately 95 percent of our students receive financial assistance, and we're committed to offering help to those who need it."

Last year, University officials awarded more than $61 million in institutionally funded merit- and need-based aid while increasing selectivity and geographic diversity. The University of Dayton remains one of the most affordable Catholic universities in the nation. U.S. News and World Report listed the school as one of the nation's top values in the magazine's 2010 edition of America's Best Colleges. The University of Dayton ranked 36th on the "Great Schools, Great Prices" list, which includes all eight Ivy schools, Notre Dame, Boston College and Georgetown.

Starting in August:

  • Annual undergraduate tuition and fees will increase from $28,690 to $29,930.
  • The annual meal plan will rise from $3,460 to $3,560.
  • Average annual housing costs will increase from $5,670 to $5,940.

Graduate tuition and fees are expected to increase approximately 4 percent, but rates haven't been set yet.

Average tuition and fees increased 4.4 percent at the nation's private universities last year, according to a 2009 survey by the College Board.

The University of Dayton is Ohio's largest private university and a top-tier national Catholic research university.

For more information, contact Teri Rizvi at 937-229-3255 or rizvi@udayton.edu.