President's Office

Oakland University announces no tuition increase for Fall 2020

Oakland University President Ora Hirsch Pescovitz has announced plans for the university to freeze tuition costs for Fall 2020.

tuition, freeze, pescovitz, board, students, announcement

icon of a calendarMay 22, 2020

Share this story

Oakland University announces no tuition increase for Fall 2020
Oakland University announces no tuition increase for Fall 2020
Ora Pescovitz
Ora Hirsch Pescovitz

Oakland University President Ora Hirsch Pescovitz has announced plans for the university to freeze tuition costs for Fall 2020. At the same time, the university is implementing additional health and safety measures to re-open safely and welcome students back this fall to the third safest campus in the country.

In order to respond to the current needs of students and their families, Pescovitz will present a recommendation to the Board of Trustees, at their June 15 meeting, for a zero percent tuition increase for this fall.

"We know that every Michigan family has suffered economic hardship during the coronavirus crisis; and, we know that by freezing tuition, new and returning students and families can plan their budgets accordingly,” said Pescovitz. “In addition, we are actively working with students and their families to identify financial aid packages to ensure that an Oakland University education is affordable for every qualified student.”

Watch President Pescovitz's May 22 video to the campus community.

Oakland University maintains its firm commitment to the university's very unique, no-fee tuition pricing. That means no parking fees, no technology fees, no athletic fees, no online course fees and no lab fees. By not having fees, students are not surprised with additional costs after estimating what they will need to invest in their college education.

Of the 15 public universities in Michigan, OU is among the lowest-cost and highest-value universities for entering freshmen. In addition to controlling tuition rates, the university supports all students by allocating substantial resources to financial aid.

Last year, on average, a full-time resident undergraduate student received scholarships, grants and other awards that reduced the net average cost to attend Oakland University by nearly one-third. This year, between the CARES Act funding that was disbursed to qualifying students, the establishment of the Oakland University COVID-19 Student Relief Fund and other student financial support fundraising efforts, the university has been able to provide significant amounts of emergency financial support to OU students.

Because of the outstanding amount of financial aid available to students at Oakland University, students who do graduate with debt have less than the average amount of debt upon graduation. More importantly, nearly all Oakland students obtain excellent, competitive, high- paying jobs once they graduate.

“One way we measure the rate-of-return of the higher education state investment in us is the impact OU graduates have on the regional and state economy,” added Pescovitz, who pointed out that 96 percent of OU students remain in Michigan after graduation. “Our priority continues to be ensuring that our student experience is an invaluable investment for a lifetime of opportunities. Oakland University graduates contribute mightily to the health of our citizens and the health of our economy.”

# # #

 

Share this story