Faulkner's tuition & fees has increased from $18,750 (2014) to $23,920 (2024), and the rate of tuition increase is 27.57% over the past 10 years. The graduate school tuition & fees has raised from $9,600 (year 2014) to $16,025 (year 2024).
Faulkner's tuition increase rate is lower than the Alabama's average increase rate of 31.86%. Compare to all colleges in United States, it's increase rate is lower than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 21.60% from 2014 ($31,530).
For the current academic year 2023-2024, Faulkner's COA is $38,340, which is same as last year cost.
The following table and chart show changes to Faulkner's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 27.57% for the last 10 years , and the 2024 tuition & fees are $23,920. The following table and chart show the tuition & fees changes at Faulkner University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,800, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,800 | - |
|---|
| 2015-16 | $1,800 | |
|---|
| 2016-17 | $1,800 | |
|---|
| 2017-18 | $1,800 | |
|---|
| 2018-19 | $1,800 | |
|---|
| 2019-20 | $1,800 | |
|---|
| 2020-21 | $1,800 | |
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| 2021-22 | $1,800 | |
|---|
| 2022-23 | $1,800 | |
|---|
| 2023-24 | $1,800 | |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 10.90% when a student lives on-campus facilities and 0.16% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Faulkner University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $10,980 | $12,700 | - |
|---|
| 2015-16 | $11,330 | $12,700 | 3.19% |
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| 2016-17 | $11,430 | $12,700 | 0.88% |
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| 2017-18 | $11,600 | $12,700 | 1.49% |
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| 2018-19 | $11,950 | $12,700 | 3.02% |
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| 2019-20 | $12,225 | $13,000 | 2.30% |
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| 2020-21 | $12,500 | $13,000 | 2.25% |
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| 2021-22 | $12,300 | $12,300 | -1.60% |
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| 2022-23 | $12,620 | $12,620 | 2.60% |
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| 2023-24 | $12,620 | $12,620 | |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Faulkner University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Faulkner University | $23,920 | $23,920 | - |
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|
| Samford University | $38,144 | $36,725 | 3.86% |
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|
| Tuskegee University | $23,440 | $22,614 | 3.65% |
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|
| University of Mobile | $26,120 | $25,780 | 1.32% |
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|
| Oakwood University | $21,838 | $20,040 | 8.97% |
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|
| Miles College | $12,714 | $12,714 | - |
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