Roanoke College to reset tuition cost by 28 percent starting next fall

SALEM, Va. (WFXR) – Roanoke College announced a series of measures to strengthen the value and accessibility of an education at the college, including a new published tuition price.

The news follows an announcement of additional support for student exploration of purpose, life and career at Roanoke College.

Starting in the fall of 2022, new and existing students at Roanoke College will fall from a published tuition price of $46,510 to $33,510 — a $13,000 decrease, or a 28 percent drop in overall tuition costs.

The change aligns with the College’s published tuition price closer to what students actually pay.

“I’ve seen many families make decisions based on published tuition prices without knowing that scholarships and financial aid often make the cost of college much more attainable. By lowering the cost barrier, we will put the real value of a Roanoke College education in sharp relief, enabling more to gain from our distinct vision for creating student and graduate opportunities for lives lived on purpose.” 

Michael Maxey, Roanoke College President

Roanoke College’s financial aid and scholarship package will be adjusted in line with the new tuition, meaning students and their families can expect to pay the same net tuition price as they currently pay, plus a smaller than usual annual tuition increase.

Due to the new, lower tuition base, the annual tuition increases students pay over time will be lower than they would have been before the adjustment.

For additional information on this new tuition price reset at Roanoke College, click here.