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Iona College Addresses Affordability


New Rochelle, NY (August 22, 2013) Last spring, Iona College announced the smallest combined total increase in student charges (tuition, fees, and room and board) in a decade.  In tandem with record levels of scholarship funding and an increase of more than $2.4 million in institutional financial aid, fall 2013 incoming freshmen will on average pay less net tuition than last year’s incoming class. And freshman enrollment is anticipated to be approximately 915, up from 722 in fall 2012.

“Like most colleges and institutions, budgets are interconnected and complex,” said Iona President Joseph E. Nyre. “During a rigorous budgeting process at Iona College last spring, our remarkable faculty and staff voted to forgo raises if necessary to address college affordability for students.”

President Nyre notes that holding down price increases and increasing scholarships this year is only part of a larger strategy to address college affordability. Iona also intends to:

  • continue to curb tuition increases and offer increased amounts of scholarship aid
  • increase speed of degree completion
  • improve transfer pathways from community colleges
  • advance college success programs
  • evaluate and integrate additional learning technologies to improve access, convenience, and program completion
  • consolidate resources into a student success center to support persistence to a timely graduation, and
  • utilize regional partnerships with other colleges and universities to reduce purchasing expenses and achieve other efficiencies.

“We are able to hold down our costs and improve affordability for our students, while at the same time elevating the academic excellence and value of Iona.” President Nyre said. “The return on investment of an Iona education has been recognized nationally, and the obligation of providing value and accessibility is inherent in our mission.”

See a story on financial aid by Nightly Business Report that featured the College.