Rowan tuition and fees to increase by 3 percentJune 20, 2012
Tuition and fees for students at Rowan University will increase by 3 percent under a $285.5 million fiscal year 2013 budget approved by the University's Board of Trustees earlier this month.
Under the operating budget passed June 13, full-time undergraduate students living in state would pay $12,380 in tuition and fees for the academic year. Out-of-state full-time undergraduates would pay $20,186 in tuition and fees.
Last academic year, those same in-state students paid $12,018 in tuition and fees, while out-of-state students paid $19,598, according to the board's resolution.
The board also approved a 2.5 percent increase in residence hall fees and a 2 percent increase in dining fees.
Last year, the University also was able keep tuition and fee increases at 3 percent.
"For the second straight year, we've committed to keeping tuition at Rowan at less than the rate of inflation," says Rowan President Ali Houshmand. "We want to continue to make attaining a college degree as affordable as possible for Rowan students."
The modest increase in tuition can be attributed to the admission of 300 more students to Rowan, reduced costs on utility fees, and a more frugal approach to filling vacant positions, according to Joseph Scully, Rowan's vice president for finance and chief financial officer.
The University's operating budget also includes $2 million in scholarships for students and $27 million that will go toward the improvement of academic facilities.
"While keeping tuition to a modest increase, we're also pleased to provide additional scholarship funds to deserving students and to invest in upgrading our academic facilities," Houshmand says.