IPFW says it will begin implementing banded tuition for incoming and current undergraduate students beginning with the fall 2018 semester. Under the system, students taking a course load of 12 to 18 credit hours per semester will pay the same basic tuition rate.
Undergraduate students enrolled for fewer than 12 credit hours will pay the normal per credit hour rate, while those with more than 18 hours will pay the banded tuition rate plus the per credit hour rate for each additional credit.
Vice Chancellor for Financial and Administrative Affairs David Wesse says the policy helps students and families better plan for the cost of college and gives them flexibility in the number of credit hours they take.
The school also hopes the policy will encourage on-time graduation by making it easier for students to enroll in 15 or more credit hours per semester. The Indiana Commission for Higher Education has estimated that an additional year of college can cost an Indiana student more than $50,000 in tuition, lost wages and other costs.
Vice Chancellor for Academic Affairs and Enrollment Management Carl Drummond says the change may also encourage students to pursue a minor or certificate that they may not have otherwise been able to afford.