New Student Aid to Increase in August
North Park increases financial aid while remaining below the national average for tuition
CHICAGO, IL (December 22, 2008) – While keeping its tuition well below the national average, North Park University plans to increase financial aid provided to new students who begin studies in August of 2009. The additional funds will be used to supplement merit aid (academic scholarships) and need-based aid for students with limited ability to fund a private college education.
The University previously increased the amount of financial aid available for incoming students in August 2008, four years after a headline-making tuition cut and financial aid restructuring that has boosted total enrollment by more than 30 percent. From 2004 to 2008, the number of undergraduate students has grown from 1,420 to 1,882, and within the last 15 years it has more than doubled. Consistently ranked among the top colleges and universities in the Midwest by U.S. News and World Report
, North Park’s tuition is now nearly $6,000 below the national average for private colleges and universities.
“The current economic challenges facing the United States and the world were unforeseen four years ago when North Park made the decision to restructure its tuition and financial aid program,” says Mark Olson, dean of enrollment. “But it is increasingly obvious that in today’s environment, the quality, value, and affordability of the North Park educational experience matters more than ever. “
North Park also anticipates making more aid available to students whose families experience a dramatic reduction in income, such as a parent losing a job. These students may file a financial aid appeal through the Financial Aid Office.
“North Park sees this as a time to further invest in students in order to prepare them for the challenges of the future, when a degree from a quality institution will be more critical for career success and for lives of significance and service,” Olson notes. “This is not a time to pull-back or retrench.”
In another step that will benefit both new and returning students, the University will not increase its rates for on-campus undergraduate housing for the 2009-2010 academic year. This applies to students living in the University’s four residence halls as well as in University-owned apartments and houses.
Details about first-year and transfer academic scholarships is available on the North Park University Undergraduate Admission Web site
, or by contacting Mark Olson