Purdue’s two-year-old tuition freeze appears to be lowering the amount of debt Boilermakers are assuming.
In the 2010-2011 school year, students on the West Lafayette campus had amassed about $223 million in debt. Through the first month of this school year, that number is about $40 million smaller – an average decrease of about $1000 per student.
President Mitch Daniels presented the numbers to the school’s board of trustees Friday, along with figures showing Purdue was slightly less expensive to attend than Indiana University or the average of the 13 other Big Ten Conference schools.
Daniels says he expects the trend to continue for at least the next year or two as further effects of the tuition freeze and other costs controls take hold.
Purdue’s trustees recently extended the cap on the cost of classes for a third year.