March 1, 2013
Each year about this time we make decisions regarding the next academic year’s budget
and comprehensive fee
policy. As you might imagine, over the past few years such decisions have become increasingly
difficult. Our key goal in this budgeting process continues to be striking the right
balance between the educational
experience that students receive and our costs. It is my goal to work toward limiting
increases over the next few
years so that they are at or below the rate of inflation.
In February, the Illinois Wesleyan Board of Trustees approved a comprehensive fee
increase of 3.55 percent for the
2013-14 academic year for tuition, room, board and fees. While not as low as we would
like, the tuition increase
percentage is our lowest in the past five years and also nearly a full point lower
than the national average for private
colleges over that same period. I hope this information demonstrates our commitment
to doing all that we can to
ease the financial burden on parents and students. A summary of next year’s costs can be found here.
While cost is one component of value, the quality of the education that students receive
is even more important. That
combination of cost and quality is the formula by which Kiplinger’s Personal Finance ranks the best values in private
higher education. I am proud to say that Illinois Wesleyan has been among the nation’s
top schools in the Kiplinger’s
rankings in each of the last five years. You may also be interested to know that 30
percent of the cost of an Illinois
Wesleyan education comes from sources other than tuition. Among those revenue sources
are contributions by our
alumni and friends and scholarly grants made to our faculty by private foundations
and government agencies. The
loyalty of our supporters and the work of our faculty are both good indicators of
the quality that we provide.
I would also like to remind you that the time to file for need-based financial aid
is now. Should you have questions
regarding the application process, I encourage you to visit the Office of Financial
Aid on the Web at www.iwu.edu/
finaid/ or call (309) 556-3096.
Finally, on behalf of the faculty and staff, I want to thank you for the efforts you
are making to send your son or
daughter to Illinois Wesleyan and hope that we see you on campus in the near future.
Richard F. Wilson