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University of Delaware Students registering for the Fall of 2009 with see a nearly 10% increase in the tuition.  The increase in tuition was attributed to the need to pay for financial aid.  An in state student will pay annual tuition of $8,540 and an out of state student will pay $22,240.  U of D previously annouced 6.6 percent increase in residence hall rates and a 7.5 percent increase in dining rates.

So in the middle of a recession, school is going to cost middle income americans more.  Middle income americans have to pay more tuition to support the financial aid for students who can’t pay.  School officials said raising tuition is the only way to pay for the financial aid U of D has promised to Delaware students.  The University said the state had no money to give and gifts are tough to get in this recession so the only option was to raise tuition.

Another big change is that in state graduate students will no longer get a tuition break.  In the past in state graduate students paid the same rate as in state undergraduate students.  Now they will pay $22,240 for this coming year.  Current graduate students will be grandfathered in as long as they stay in current major.

For more information on the University of Delaware please visit the official school site at www.Udel.edu

If you need assistance with college finance planning, feel free to call me to discuss your options for helping your son or daughter attend school.  Call me at 302-703-0727 or send me an e-mail to DelawareMortgages@yahoo.com

John R. Thomas – Certified Mortgage Planner – Primary Residential Mortgage, Inc.

First Time Home Buyer Specialist