NEW WILMINGTON, PA- On October 30, the Board of Trustees approved a 1% increase in tuition for Academic Year 2022-2023. This increase will raise tuition by approximately $500. In addition to tuition, room and board fees will increase by 2% and the student activity fee will raise by $100. Room and board plans vary between students, while tuition and activity fees are fixed for the undergraduate population.
President Richardson says that 85% of the College’s operating funds come from tuition and housing. She shares the impact that enrollment, retention, and tuition hold on Westminster’s budget.
“[Enrollment] is the biggest input on our operating budget,” she said. “About 85% of the College’s operating funds come from tuition and housing. So enrollment [determines] how our budget goes. One reason that we look very intently [into] expenditures in the second half of the year is that our spring enrollment is [almost always] lower than our fall because we graduate students. Then, there’s some normal attrition between terms. We are heavily dependent on tuition and student revenues.”
Holcad staff is awaiting further comment from campus officials and reactions from students on the increases.