Changes to Tuition and Tippie Supplement
On July 18, 2016, the Iowa Board of Regents has approved a tuition increase for all University of Iowa students as well as an increase in supplemental tuition for students admitted to the Tippie College of Business. The increases are in effect for fall 2016.
The timing of this increase is unfortunate because it is so close to the start of the school year. The university sets its annual budget after the state decides its higher education appropriation, and the state appropriation was not finalized this year until late May. The UI (and the other state institutions) worked through budget implications as quickly as possible. UI officials then proposed tuition increases, which were put through the Regents’ vetting process that includes a lengthy delay for public comment. The decision was finalized on July 18th.
We realize that rising costs are challenging for students and families, and university officials did examine all options and weighed many factors before proposing increases. Student development and support, along with providing outstanding educational experiences, are at the heart of our mission. Speaking directly to the increases in supplemental tuition, the increase is critical to our continued success. We are ranked in the top 25 best public business programs in the nation, number one in Iowa, and we work hard to provide the best learning experience and career outcomes, as evidenced by 96% of our undergraduates employed or enrolled in grad school within six months of graduation. Even with the increase, we remain among the best values in business education as we have one of the lowest total costs of attendance in the Big Ten.
That we are less expensive than other schools is not much consolation when your bill increases, and we understand that you may have additional questions. University officials will continue to provide communication and will be updating information on the Registrar’s website. If you have questions about your financial aid, please contact the Office of Financial Aid directly. If you need additional clarification, have more questions, or would like to speak to someone in person please call the Undergraduate Program Office at 319-335-1037. While we do not have access to financial aid details, we are happy to discuss the forces that led to these increases as well as our plans for continuing to improve your educational experience.
Our best wishes for the remainder of your summer, and we look forward to seeing you in the fall. Go Hawks!
Frequently Asked Questions
What is the tuition for this coming year?
Your annual tuition bill varies depending on your residency and year in school. Below is a table that shows the new annual tuition amount, which includes mandatory fees, university tuition, and Tippie’s supplemental tuition. This fee schedule is effective for the 2016-2017 academic year. Please refer to the university’s tuition tables for complete tuition and fee information.
|Status||Tuition + Supplement||Fees||Total|
|Resident — Business (lower division)||$8358||$1611||$9969|
|Resident — Business (upper division)||$9898||$1611||$11509|
|Nonresident — Business (lower division)||$28648||$1611||$30259|
|Nonresident — Business (upper division)||$30366||$1611||$31977|
Why is the communication happening now, and not earlier?
The Iowa Board of Regents sets tuition, and this year the meeting for final approval was July 18. Until this time, there was considerable uncertainty about the increase. In fact, at the last minute, based on input from UI student leaders, the Regents reduced the increase for in-state students. We waited to communicate this information until all details were finalized.
Why has the tuition supplement increased?
The Tippie College of Business has seen a dramatic growth in the number of Direct Admission students (first-year students directly admitted into the college). More precisely, Direct Admit enrollments have more than tripled since 2010. In addition to growth in first-year admission, staffing and programming provided to all Tippie students has significantly increased, providing more breadth and depth in learning opportunities. Programming and support services have a positive impact on our students, but also incur significant costs. In order to continue these services, it is necessary for us to increase the supplemental tuition paid by business students.
What is the increased supplement going to be used for?
The Tippie College of Business is developing extensive programming to help our students succeed academically as well as build their preparedness for the job market. This programming, which requires additional professional staff, includes, but is not limited to:
- Experiential Learning Options (to help students fulfill a new graduation requirement called Tippie RISE)
- New Career Preparation Programming
- Expanded Advising Hours
- More Tutoring Services
- Revamped First-Year Seminar Course (for new first-year students admitted directly to Tippie)
- Additional Faculty in High Demand Areas (Business Analytics and Finance)
- Additional Scholarship Funds
How will I pay the increased supplement?
The Tippie College supplement is included in your new tuition figure. Your UBill will be updated on August 1 to reflect the revised tuition rate specific to your program and class standing.
What is being done to help offset the increased cost?
We understand that some families and students struggle to pay for college. To off-set the cost, we offer scholarships, including more than a million dollars awarded to undergraduate business students in the last year. Our alumni have stepped up to help us provide hundreds of scholarships, and raising funds for additional scholarships continues to be one of our top priorities. If you find that this increase poses a hardship, please make sure to contact the UI financial aid office to determine your options. You may also contact the Undergraduate Program Office (C140 PBB) or at 319-335-1037 to see if there are any additional scholarship opportunities open to you.