USC Raises Undergrad Tuition by 3.5 Percent to $57,256 | KCET
USC Raises Undergrad Tuition by 3.5 Percent to $57,256
LOS ANGELES (CNS) - For the second consecutive year, the USC Board of Trustees approved a 3.5 percent increase in undergraduate tuition, it was announced today.
The increase for the 2019-20 academic year brings the new charges for undergraduate tuition and fees to a total of $57,256.
"The value of a USC degree keeps getting stronger," Provost Michael W. Quick said in a statement. "By keeping tuition increases low and boosting financial assistance, we are providing a world-class education to a diverse and talented student body who will go on to be the next generation of leaders. We are proud of the education and the opportunities we provide to our students, and that will continue."
Over the past six years, the increase in the average net price of a USC education, adjusted for inflation, was 3 percent.
USC holds one of the largest financial aid programs in the country, with more than $350 million awarded last year from all USC sources. Since 2008, USC student financial aid has increased 79 percent, far outpacing tuition increases. Two out of three USC students receive some form of financial assistance.
Applicants' ability to pay is not considered during the admissions process at USC, allowing the university to attract top students from all backgrounds: 26 percent of undergraduates are from underrepresented minority groups and 21 percent of undergraduates receive Pell Grants, according to USC. Among freshmen, 14 percent are the first in their families to attend college.
The six-year graduation rate for USC students is 92 percent. In comparison, the graduation rate for four-year universities is 60 percent nationwide, and the rate for private, nonprofit institutions is 66 percent, the university said.
USC said its students leave college with lower-than-average student debt. USC students accumulate about $22,000 in debt during their tenure at USC as compared to the national average of nearly $32,600 for private colleges, according to the college.
Even with the current increase, tuition revenue still does not cover the full cost of undergraduate education. Undergraduate tuition and fees cover only 76 percent of total instructional costs, officials said. The cost to students who receive financial aid averages 56 percent of the total cost of undergraduate education.
US News ranks USC among the top 40 Best Value Schools in the country. The university is rated third in the nation for economic diversity by US News.
However, the school has been rocked by a number of recent scandals, including a medical school dean accused of smoking methamphetamine with a woman who overdosed, reports that the school ignored complaints of widespread sexual misconduct by the longtime campus gynecologist, and most recently, a nationwide bribery and admissions scandal.
Top Image: Wolterk/iStock
Mayerlin Vergara won the United Nations' Nansen Refugee award on Thursday for rescuing hundreds of girls and boys who have been forced into sex work.
Give your brain a break with the peaceful sounds of Low Leaf's harp as they inundate the interior of the historical Perry House in L.A.'s Heritage Square Museum.
Two assistant U.S. attorneys will serve as District Election Officers for the Central District of California for this year's general election.
The Watts Towers Day of the Drum and Simon Rodia Jazz Festivals have been bringing together cultures for generations.
- 1 of 376
- next ›
Take a rare behind-the-scenes look inside the busiest fire station in the country, where firefighters act as both primary care providers and emergency responders for the nearly 5,000 people living on Skid Row.
In 2019, California, one of the nation’s most secretive states when it comes to police files, put SB1421 into effect. But a year into the new transparency law, journalists and the public are realizing that the law may not be as transparent as expected.
State and local regulators are overwhelmed and outgunned when it comes to closing down California’s poisonous pot pipeline.
Parents are willing to spend thousands to get the competitive edge in the college admissions process, but at what cost? Socal Connected takes a revealing look at the high stakes world of the for-profit education consultant business.
Socal Connected looks at what happened to LA Jets’ Obea Moore and the current state of youth track and field today.
- 1 of 54
- next ›