Close Menu
    Facebook X (Twitter) Instagram
    Thursday, May 22, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    • AUB Outdoors ☀️
    Advertise with Us Get the App
    961
    Home»961 Campus
    AUB Just Raised Its Adopted Exchange Rate To 3,900 L.L.
    OFA
    1 Min Read

    AUB Just Raised Its Tuition Fees Exchange Rate To 3,900 L.L.

    By Hussein YassineDecember 8, 2020Updated:February 15, 2021
    Facebook WhatsApp Copy Link

    The speculations that the American University of Beirut (AUB) would raise the USD/LBP exchange rate for its tuition fees have been confirmed.

    On Tuesday morning, the university’s students reported receiving an email announcing that its administration had adopted an exchange rate of 3,900 Lebanese pounds for the dollar, which matches the rate adopted by the central bank’s electronic exchange platform.

    Lebanon’s private universities have had their tuition fees listed in U.S. dollars for over a year, but they’ve been using the official exchange rate of 1,507 throughout.

    AUB President Fadlo Khuri just announced what we all already expected: The switch to 3,900 LBP/USD rate as of next semester.

    The larger problem here is the ever-growing commodification of education and it's increasingly elitist character. Lebanon needs a real public ed system. pic.twitter.com/TOhfsXLWOf

    — Nadim El Kak (@NadimElkak) December 8, 2020

    AUB’s decision to adopt a higher exchange rate is expected to be the first of several to follow from the administrations of other private universities in the country.

    With the new rate, tuition fees at AUB will see a significant increase of more than 150%.

    This comes amid an unprecedented economic meltdown that has forced many students to switch to more affordable schools – or drop out entirely – as poverty and unemployment rates skyrocket.

    Big, painful news this morning for thousands of students in #Lebanon.

    The American University of Beirut has adopted a new exchange rate of 3,900/$ instead of the official 1,500/$

    Thats effectively a 160% tuition hike & makes AUB stratospherically inaccessible to most Lebanese.

    — Timour Azhari (@timourazhari) December 8, 2020
    American University of Beirut (AUB) Economic Crisis
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    aub outdoors 2025

    Here’s Everything You Need To Know About AUB Outdoors This Weekend

    saint levant aub outdoors 2025 961

    Saint Levant Is Officially Headlining AUB Outdoors 2025!

    aub rally paper 2025

    Here’s Everything That Happened At Whish x AUB Rally Paper This Weekend

    Presented by: Whish Money
    Shelling

    Lebanese Economy Lost $2.5 Billion So Far Due To Hezbollah-Israel War – Another $7 Billion At Risk

    These Universities Just Ranked Top In Lebanon

    Lebanon’s Brevet Has Officially Been Canceled This Year

    Ampere Cinema Reopens Its Doors In North Lebanon After 28 Years Of Absence

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    saint levant aub outdoors 2025 961

    Saint Levant Is Officially Headlining AUB Outdoors 2025!

    May 7, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    dew apparel nada koussa miss lebanon 961

    Miss Lebanon Nada Koussa Just Launched A Sportswear Brand

    May 3, 2025
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    arabic words

    30 Beautiful Arabic Words You Probably Want To Learn

    April 22, 2020
    nada koussa miss world miss lebanon 961

    Nada Koussa Just Left To Represent Lebanon At Miss World

    May 7, 2025
    Fitness Lebanon

    15 Top Gyms in Lebanon for Every Workout Style

    November 2, 2023
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay