Since its inception, IAU has positioned itself to be an affordable educational provider. This strategy has allowed IAU to attract students from all around the world regardless of socioeconomic status. Unfortunately, a few factors are increasing tuition and fees effective for Fall 2022.
One reason is inflation. According to the Bureau of Labor Statistics, the consumer price index rose by 7.5 percent in January 2022, the highest level since the 1980s. Additionally, the raise in minimum wage to $16.04 per hour starting July 1, 2022 just raised the cost of doing business in Los Angeles. Lastly, as a result of the great resignation and staff shortages, IAU has to raise wages and benefits to attract and retain faculty and staff.
“IAU has always prided itself on being an affordable school. The negative economic effects of COVID are still felt by students, so the tuition increase comes at the worst possible time”, says President Ryan Doan.
The tuition increase will be from $200 to $225 for undergraduate programs, $300 to $350 for master programs, and $350 to $375 for doctoral programs. Even with these increased tuition rates, IAU is still one of the most tuition-competitive accredited business schools in Los Angeles and southern California. Affordability was a factor when the California Herald ranked IAU third, behind University of California, Los Angeles (UCLA) and the Rady School of Management of the University of California, San Diego (UCSD).
If students have any family or friends who wish to join IAU, encourage them to join IAU before the tuition increase in Fall 2022. Students who join IAU now, contractually lock in their tuition rate to the current fees. They can email the admissions team at firstname.lastname@example.org to apply.