June 23rd, 2008
The founder of American Military University, Major James P. Etter, was passionate about the need to provide an affordable college education to service members. We matched our tuition to the semester hour rate maximum reimbursed by the Department of Defense (DOD) which is currently $250 per semester hour. We do not charge an application or admissions fee. We do not charge a technology fee or student activities fee. We provide book grants to all undergraduate students who maintain the minimum satisfactory academic standing of a 2.0 GPA. We have not increased our undergraduate tuition since 2000, nearly eight years.
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Tags: Access and Affordability, ACE, American Military University, AMU, federal student aid, Transfer Credit
Posted in Access and Affordability, Online Education | 2 Comments »
June 20th, 2008
It’s almost impossible to pick up a newspaper or magazine these days without reading an article about the affordability crisis in higher education. For the past twenty years, tuitions have increased at a rate about twice that of the consumer price index. Many institutions cite the national statistics on the value of a college degree as the justification for charging increasingly higher tuition.
During the same twenty year period, the grants provided under federal student aid programs (FSA) did not increase at the same average rate as tuitions. Therefore, an increasingly higher percentage of college costs were paid through loans and not grants. Last academic year, loans constituted some fifty-six percent of total student aid while grants accounted for only thirty-eight percent.
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Tags: Access and Affordability, federal student aid, Online Education, subsidized student loans
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