BLOOMINGTON, MN (Dec. 7, 2011) – Rasmussen College, the regionally-accredited postsecondary institution, announced today they will not be raising tuition costs for the 2012 academic school year. In fact, the College has reduced tuition costs for key programs such as its Medical Assisting degree offerings and its online, accelerated Bachelor's degree completion program. This stabilization and reduction in tuition goes against the rising trend in tuition increases reported for 2012.
“We are committed to ensuring that our students receive a strong return on their academic investment, and with the growing concern around student debt, it is our responsibility as an educational institution to ensure that we are constantly reviewing and analyzing the impact that tuition has on future financial stability," said Rasmussen College Chief Executive Officer Tom Slagle. “As Arne Duncan, U.S. Secretary of Education stated, we need to ‘start thinking more creatively – and with much greater urgency’ in order to make an impact. This is our first step in doing just that."
According to the College Board’s Trends in College Pricing 2011 report, in-state tuition and fees at public four-year institutions are averaging 8.3 percent higher in 2011-2012 than they did in 2010-2011. Tuition and fees at public, two-year colleges averaged 8.7 percent higher in this same timeframe. However, while an 8.3 percent increase was the average amongst public four-year colleges and universities, 20 percent of full-time students attend institutions that increased their tuition prices by 12 percent or more.
“Thinking creatively about tuition cost and price structuring goes beyond price stabilization,” Slagle said. “It is also a challenge to colleges and universities to rethink their programmatic offerings, how credits are priced per program, how credits are transferred into an institution and how courses are being delivered.”
Current Rasmussen College students who maintain four courses per quarter through their entire program will not be subject to tuition increases through graduation.
Earlier this year, Rasmussen College proactively lowered the credit cost of its Medical Assisting Associate’s degree program to $310 per quarter credit to provide a more affordable option to this growing field. According to the U.S. Bureau of Labor and Statistics, 50 percent of Medical Assistants have a starting salary of $28,650, and the field continues to grow.
In October, Rasmussen College announced the launch of its new online, accelerated Bachelor Completer program designed specifically to help adult students complete their Bachelor’s degree in order to advance their career. The new fully online program offers a seamless credit transfer process, including credit for prior learning experience, and accelerated course completion that enables students to finish their degree in as little as 18 months. Tuition is priced affordably at $260 per quarter credit, allowing many individuals that have completed 60 credit hours or more of post-secondary education, to efficiently and affordably earn their bachelor’s degree from a regionally accredited institution.
Slagle concluded, “Even with the launch of new, affordable programs and reductions in some of our current offerings, at the end of the day, we are delighted to provide our current students with no price increases, especially in these difficult economic times. It might not be much – but it plays a big role in their lives.”
For more information on Rasmussen College, visit www.Rasmussen.edu.
ABOUT RASMUSSEN COLLEGE:
Rasmussen College is a regionally accredited private college and Public Benefit Corporation that is dedicated to changing lives through high-demand educational programs and public service. Rasmussen College offers Certificate and Diploma programs through Associate's and Bachelor's degrees online and across its 24 Midwest and Florida campuses in a supportive, student-centered and career-focused environment. Since 1900, Rasmussen College has been dedicated to being a primary contributor to the growth and development of the communities it serves. As a Benefit Corporation, Rasmussen College is committed to helping change lives through education and making a positive impact on society through public service and a variety of community-based initiatives. For more information about Rasmussen College, please visit www.Rasmussen.edu.
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