This fall, U.S. News & World Report listed Hendrix College on its 2021 Best Value Schools list among nationally ranked liberal arts colleges. For students entering Hendrix for the first time in the Fall 2021 semester, it will be an even better value. The College announced today that it will reduce tuition by 32%.
“Hendrix has one of the most generous financial aid programs in the country,” said Hendrix President Ellis Arnold. “Nevertheless, we know that there are students who would thrive at Hendrix but don’t apply because they’re concerned about the published price.”
In recent years, costs have risen dramatically at institutions across the country, including Hendrix. While rising costs are concerning, families rarely pay the full published cost of tuition after financial aid and scholarships are awarded, making the actual cost of attending college difficult to discern.
“By lowering our tuition, we want to let those students and families know that we hear their concerns and, most importantly, they can come to Hendrix,” said Arnold, adding that the College is able to offer generous need- and merit-based financial assistance thanks to philanthropic support from alumni and friends.
Hendrix will continue to offer competitive academic- and need-based scholarships and financial aid to students who apply and are accepted.
“We recognize that Hendrix is still a significant investment,” said Ryan Cassell, vice president for enrollment. “Reducing tuition is part of a comprehensive commitment to keeping Hendrix within reach for students and families.”
Among the available financial aid and scholarship opportunities is the Hendrix Tuition Advantage program, which matches the published in-state tuition and fees at the flagship university in a student’s home state, Cassell said.
State and federal grants, as well as outside scholarships, may further reduce tuition at Hendrix. In addition, the College offers a variety of ways to assist families in paying for education, including installment plans and access to loans.
With COVID-19 causing increased financial uncertainty for many households, it is a perfect time for Hendrix to be responsive to families’ cost concerns.
“For students who seek a high quality residential liberal arts experience, now is the time for us to assure families that Hendrix is within reach,” said Cassell.
Lowering tuition does not mean lowering quality, Cassell added.
Not only is Hendrix among the U.S. News & World Report Best Value Schools, the College is the publication’s only top 100 nationally ranked liberal arts college in Arkansas and continues to appear on the Most Innovative Schools list among national liberal arts colleges “making the most innovative improvements in terms of curriculum, faculty, students, campus life, technology or facilities.”
“The Hendrix Odyssey Program is a nationally recognized model for engaged learning, and the College continues to develop new curricular initiatives and other experiences that enhance the educational outcomes of Hendrix graduates,” said Cassell. “These opportunities increase the value of a Hendrix education, even as we lower tuition.”
To be considered for academic-based scholarships, students simply need to apply for admission, preferably by the November 15 non-binding Early Action I deadline. Families wishing to be considered for need-based aid should complete the 2021-2022 FAFSA by the selected admission application deadline. Families can begin submitting the 2021-2022 FAFSA in early October 2020.
Hendrix will also reduce tuition for its M.A. in accounting program for students who enter in Fall 2021.
Current students enrolled at Hendrix will continue under their current financial aid, scholarships, and tuition. Hendrix will further offer current students the option of a tuition-free fifth year (ninth and tenth semester). The College will provide returning students more information on this option in mid-October.
“We understand that it has been a challenging year,” said Arnold. “While we cannot undo the disruption created by COVID-19 for our current students this year, we hope that a tuition-free fifth year will allow them the opportunity to have a richer residential and learning experience at Hendrix.”
For more information, visit www.hendrix.edu/tuitionreset.
For prospective students and families interested in Hendrix, the College is currently offering in-person and virtual visit experiences. To learn more, see www.hendrix.edu/visit or contact Associate Director of Campus Visitation & Administrative Services Jenn McKenzie at firstname.lastname@example.org or 501-450-1362.