Tuition will jump by 6% next fall after TCU’s Board of Trustees approved an increase during last week’s fall board meeting.

According to a letter from TCU Chancellor Victor Boschini, the increase will boost tuition by $3,240 or to $57,130 for the 2023-24 academic year.

It will be matched with a 6% rise in need-based aid for students who qualify. The Board said the increase was needed to keep up with operational costs on budget decisions, according to the Board of Trustees meeting summary. Hourly undergraduate and graduate rates will be increasing by the same percentage. 

However, the Board is continuing to help future students with tuition costs through the increase of scholarships and financial aid as well as accessible merit-based aid for high academic performances.  

Daniela Flores, a junior criminal justice major, is one of the 80% of TCU students that utilize financial aid, not including those on merit scholarships. She said the change in tuition does not come lightly despite the 6% aid increase presented in the Boards approved notions. 

“It is harder for students like myself who are taking out loans to pay for that [the tuition increase],” Flores said. “I saw the article and thought ‘wow, more debt.’”

In other business

Trustees received updates on several capital projects.

• The  two new residence halls on the east side of campus are on schedule to be completed by 2025.
• The Anne Burnett Marion School of Medicine has a scheduled completion date of fall 2024.
•  The M.E Sadler Hall Repurposing Project is expected to be open in the spring.