Purdue Fort Wayne to offer banded tuition rates to reduce costs, boost on-time grad times

IPFW has been named the sixth best 4-year college by schools.com. Indiana's Bloomington campus was ranked first. (News-Sentinel file photo)

Beginning with the fall 2018 semester, the planned Purdue University Fort Wayne will implement banded tuition for all incoming and current undergraduate students to reduce education costs and to help more students to graduate within four years, a news release said.

Banded, or flat-rate, tuition involves charging one tuition rate for credits within a defined range of hours, the news release said.

At Purdue Fort Wayne, undergraduate students will pay the same basic tuition rate for a course load of 12 to 18 credit hours per semester, the news release said. Those undergraduate students enrolled in less than 12 credit hours will continue to pay a per credit hour rate.

Undergraduate students enrolled in more than 18 credit hours will pay the banded tuition rate plus the per credit hour rate for each additional credit, the news release said.

Purdue Fort Wayne also will eliminate the current per credit hour differential fee that is charged for online courses, the news release said.

Banded tuition rates will not apply to graduate students, the news release said.

“Banded tuition makes it easier for students and their families to plan for the cost of college,” David Wesse, Indiana University-Purdue University Fort Wayne (IPFW) vice chancellor for financial and administrative affairs, said in the news release. “It also gives students the opportunity to take the number of credit hours that works best for them without the financial worry.”

The Indiana Commission for Higher Education, which still must approve the split of IPFW into Purdue and IU campuses in mid-2018, estimates an additional year of college can cost a Hoosier student more than $50,000 in tuition, lost wages and related costs, the news release said. Students who take advantage of the banded rate and enroll in 15+ credits per semester are more likely to graduate in four or fewer years.