The American College of Beirut (AUB) simply introduced that “it has turn out to be essential for
AUB to gather tuition charges in the identical forex during which it should pay its bills.”
Based on AUB’s Workplace of the President, Fadlo R. Khuri, the transition of accumulating the schooling in contemporary {dollars} (or their equal) might be gradual.
Including that “for a big majority of scholars, this can imply a 40 % monetary help grant for this coming educational yr (2022-23), after which 20 % the next yr (2023-24), on high of different monetary help which will have been granted individually.”
Moreover, the college can even proceed serving to previous and newly admitted college students with monetary help, graduate pupil tuition fellowships, undergraduate benefit, and early admissions scholarships.
The transition for a extra “dollarized” tuition comes on the time when “AUB has been working at a loss, totaling over $134 million in contemporary {dollars} over the previous three years.”
“The American College of Beirut should lengthy endure, to pursue excellence for the larger good, create alternatives for generations, and maintain quick to the values that empower and
remodel people and societies alike,” the press launch concluded.
Lebanese college college students, together with these enrolled at AUB, have beforehand taken the streets towards the dollarization of the schooling charges, which results in many college students not having the ability to proceed with their educations.
In February 2021, AUB college students took authorized motion towards their college to have the ability to pay their tuition charges on the 1,500 LBP charge with out going through any repercussions from their college.
College college students in Lebanon are paying “full worth” for Lebanon’s financial disaster, left threatened with an unsure future relating to their training and their careers, therefore their future.
Associated: AUB Delivers Extreme Ultimatum To College students At Threat Of Dropping Their Schooling.
