FOR IMMEDIATE RELEASE
Friday, November 16, 2018
CONTACT: Stacie Gordon
Partners Responds to CNU Board Decision to Adopt "Captains Guarantee" Tuition Plan
RICHMOND, VA - Today, Partners for College Affordability and Public Trust released the following statement by their State Advocacy Manager, Stacie Gordon, in response to a decision made by Christopher Newport University's Board of Visitors to adopt a guaranteed tuition rate for students.
"While increasing financial predictability and pricing transparency for students and families is commendable, the decision by Christopher Newport University's Board of Visitors to adopt a guaranteed tuition rate for students does little more than create a lackluster distraction from the underlying affordability issue at Virginia's most expensive public institution.
"Let's not forget that at $22,770, CNU's average net price is the highest among Virginia's public institutions, while in-state tuition and fees have increased by 95 percent over the past decade.
"Just last year, CNU raised their tuition and fees by 8.1 percent, the highest increase in the state. Under the CNU Guarantee, tuition and fees for first-year students will increase by $3,472 over the next four years.
"The CNU Guarantee may provide students and families a degree of predictability, but predictability is not the same thing as affordability.
"By shifting rising costs onto the backs of incoming students, this decision may serve to keep existing students complacent, but misses the mark when it comes to promoting true affordability."
Partners for College Affordability and Public Trust is a non-profit, non-partisan organization dedicated to improving higher education affordability, transparency and quality. We give voice to the students and families who pay for the rising cost of college — but rarely have a seat at the policy-making table. We advocate for common sense policies and practices that will ensure that students graduate with less debt and are better equipped to make good on higher education's promise of economic mobility. Learn more at www.pcapt.org.