Purdue University freezes tuition for sixth consecutive year

Purdue University will continue to hold tuition costs at 2012 levels through the 2018-19 academic year, Purdue President Mitch Daniels announced the Monday.

Indiana residents' tuition will remain about $10,000, out-of-state students will pay about $28,800, and international students will pay about $30,800.

Purdue said room and board costs also will remain at 2012-13 levels or lower.

The university said the frozen costs have helped lead to a decrease of 30 percent in Purdue student borrowing since 2012. Purdue's student loan-default rate of 1 percent three years after graduation is far better than the national average of 7.6 percent, school officials said.

Daniels also announced Monday that Purdue will offer a 2.5 percent merit raise pool for employees for 2017.