Pepperdine University plans on increasing annual tuition 5 percent for students in the next school year, the Pepperdine Graphic reported.
Students at Seaver College received notice last week from the school’s administration that the 2013-2014 school year would cost approximately $22,325. Tuition during the current school year is $21,260.Â
Administrators stressed that the increase was marginally low given the current state of the economy.
“In this continuing challenging economic climate, while several colleges and universities are addressing their budget challenges with significant tuition increases, Seaver College pledges to keep its tuition increase as low as possible and to demonstrate our commitment to help you continue your education at Seaver,” Seaver College Dean Rick Marrs wrote to the Pepperdine Community.
The announcement came months after the private Christian university in Malibu reported receiving a record number of applicants to Seaver.Â
According to the Graphic, Pepperdine received 10,443 applications for the 2013-14 academic year, a 10 percent spike from 2012-2013.Â