Howard University News February 25, 2015 Howard University to Freeze Tuition, Incentivize Completion with Tuition Rebates Howard University today announced an important plan, with unanimous support from the Board of Trustees, to freeze tuition for all undergraduate and select graduate programs for the 2015-2016 academic year. Additionally, to incentivize completion, Howard will begin offering tuition rebates to graduates who earn their degree early or on-time. "Howard University is committed to addressing the academic needs of our nation, in particular the needs of the African American community and underserved populations," said Howard University President Wayne A.I. Frederick. "A large part of this commitment includes ensuring that the cost of attendance is not a barrier for students to turn their highest dreams into reality." This innovative tuition rebate establishes Howard as one of the leading private-research universities committed to college affordability and on-time completion. The rebate - 50% off of the final semester's tuition - will be offered on direct payments (cash, credit card or installment plan) made by any on-time or early graduate. The rebate, applicable to direct payments toward the final semester's tuition, will be payable to eligible May 2016 graduates on or after May graduation. The University is also leveraging financial aid resources to support students with high financial need. Howard launched the Graduation & Retention Access to Continued Excellence (GRACE) Grant to pay the remaining tuition and selected mandatory fees for highest need students who are on track for graduation. This provides a direct incentive for progress toward a degree and removes financial barriers, while leveraging resources for those most in need. Over $2 million was awarded directly to students this fall through the GRACE Grant program. The chart below outlines tuition rates for the 2015-2016 academic year. The only exception to the tuition freeze is the College of Pharmacy's traditional PharmD program, which will increase by 4%. The Board of Trustees has also approved the removal of excess tuition rates for Masters of Business Administration, Divinity, Education, Pharmacy and Social Work programs. Program AY2015-2016 Tuition Increase Undergraduate $22,737 $0 0% Graduate $30,545 $0 0% MBA $33,167 $0 0% Dentistry $42,631 $0 0% Divinity $18,990 $0 0% Education $29,090 $0 0% Law $31,148 $0 0% Medicine $44,150 $0 0% Nursing & Allied Health Sciences (Graduate) $29,963 $0 0% Pharmacy (traditional PharmD. program) $30,842 $1,186 4% Social Work $29,963 $0 0% A team of professionals in the Office of Student Financial Services is available to provide further guidance and answer questions about the 2015-2016 tuition and fees, need-based and merit-based financial aid, tuition rebate and payment options. For more information, visit http://www.howard.edu/financialaid SANDRA M. PHOENIX Executive Director HBCU Library Alliance sphoenix@hbculibraries.org<mailto:sphoenix@hbculibraries.org> www.hbculibraries.org<http://www.hbculibraries.org/> 800-999-8558, ext. 4820 404-702-5854 Skype: sandra.phoenix1 1438 West Peachtree NW Suite 200 Atlanta,GA 30309 Toll Free: 1.800.999.8558 (LYRASIS) Fax: 404.892.7879 www.lyrasis.org<http://www.lyrasis.org/> Honor the ancestors, honor the children.