Financial aid 2022-2023 and SMIC alternation unpacked

Image via DePauw University

There was an overall increase of 2.67% in tuition and DePauw fees for the 2022-2023 academic year, including an increase of $1,500 or 2.84% in tuition, an increase of $14 in full fees, an $80 increase in on-campus housing, and an $222 increase in the default meal plan, according to an April 6 email from student affairs to DePauw.

Assistant Vice President for Financial Aid Leslie Middleton said the rate is comparable to colleges and universities across the country, and it’s common for institutions to increase their tuition and fees each academic year.

“It’s a tough time with rising costs and inflation and [universities] do whatever they can to minimize this increase,” Middleton said.

She added that whether student financial aid programs would be changed to reflect this increase depends on the type of aid students receive. Merit-based scholarships would remain the same; however, aid based on the Free Application for Federal Student Aid (FAFSA) may be adjusted if students’ FAFSA information changes.

According to Middleton, international student financial aid packages usually do not increase because they have signed an acknowledgment that their aid will not increase in order to accept their packages.

“I’m sure the increase in tuition and fees could negatively affect some students, but we try to be transparent across the university to let people know that tuition is going to go up every year,” he said. she declared.

For students who find themselves in financial difficulty, Middleton recommended that domestic students update their FAFSA information and speak to the financial aid office. International students should work with Assistant Vice President for International Enrollment Loutfi Jirari to plan their options. Federal grants and additional state grants may be available to some students depending on their financial situation.

On-campus work-study positions are also available for students to offset their tuition at DePauw. According to Assistant Director of Student Employment Chloe O’Sullivan, the work-study minimum wage has been increased from $7.25/hour to $9/hour.

“We want students to apply for jobs and we understand that most people won’t work for $7.25 anymore. It’s not exactly livable…So we want our students to know that we’ve heard them and taken their concerns into consideration,” Sullivan said.

Sullivan added that a higher pay rate of $11/hour is applied to jobs with a higher level of commitment, such as tutoring at Greencastle schools or helping with social media and marketing, while that jobs paid at $9/hour involve lower commitment such as front office help.