Undergraduate students at Rowan University will pay 3 percent more, or an extra $362, to attend the college in 2012-13.
The college Board of Trustees approved the increase in tuition and fees at the June 13 meeting. The total cost for tuition and fees for in-state, full-time students will be $12,380. Out-of-state students will pay $20,186.
The board also approved a 2.5 percent increase in housing fees, which vary by location, and a 2 percent increase in meal plan costs, which also vary based on the meal plan chosen.
Rowan President Ali Houshmand said the college is committed to keeping increases in line with the rate of inflation. Last year’s increase was also 3 percent.
“We want to continue to make attaining a college degree as affordable as possible for Rowan students,” Houshmand said in a statement issued by the college.
Joseph Scully, Rowan vice president for finance and chief financial officer said 300 more students than usual were admitted to Rowan for the fall, which will bring in more revenue and help control tuition. Utility costs were reduced and the college was frugal about filling vacant positions.
The trustees also approved a $285.5 million budget for the 2012-13 fiscal year. The budget includes $2 million in scholarships for students and $27 million for academic facilities improvements.
Locally, Richard Stockton College’s Board of Trustees is expected to approve its 2012-13 tuition at the July 11 meeting. The trustees approved a 3 percent increase in housing costs and a 2 percent increase in meal plan costs at the May meeting but delayed action on tuition until the state budget is passed this month and state aid figures are finalized.
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