Tuition and fees at both Stockton and Rowan universities will increase by about 2.5 percent for the 2017-18 academic year.
Stockton’s board of trustees approved a 2.5 percent increase in undergraduate tuition and mandatory fees at the board meeting Wednesday. The annual cost for a full-time student taking 12-20 credits per semester will increase almost $327, to $13,403.
According to trustee Stanley Ellis, the increase is necessary to fund ongoing capital expenses, including the construction of a new Atlantic City campus.
Ellis said that for the last five years the average increase at Stockton has been 1.7 percent, compared with 2.5 percent for comparable schools.
“We think this is a fair number that will allow us to do what needs to be done and continue the momentum here at Stockton,” Ellis said.
The rate for part-time undergraduate students will be $551.51 per credit, or $2,062 for a typical four-credit class. The cost for master’s degree courses will be $791.47 per credit.
Trustees also approved meal-plan and revised housing rates.
Housing rates increased between 1 and 3 percent depending on the location and type of housing, ranging from about $3,000 to $4,850 per semester. Meal-plan rates also varied depending on the plan.
Ellis announced there will be an increase in available student housing units at Seaview this fall due to a 3 percent increase in enrollment and more demand for on-campus housing.
This fall, Seaview will be able to accommodate 348 students over 162 rooms. About 40 percent of the student body at Stockton lives on campus.
Michael Angulo, interim vice president of administration and finance, said given the current downward trend in enrollment figures around the nation, he is happy and honored that more students are enrolling at Stockton.
The board also approved several new hires and retirements, including Press of Atlantic City education reporter Diane D’Amico to serve as director of news and media relations at Stockton. D’Amico is taking over for Maryjane Briant, who retired last week.
At Rowan University last month, trustees approved a 2.4 percent increase for undergraduate tuition and fees. The increase was in line with President Ali Houshmand’s pledge to limit increases at or below the predicted rate of inflation.
The average annual cost of tuition and mandatory fees for a full-time undergraduate student at Rowan will increase about $315, to $13,423. Housing costs also rose an average 3 percent.
“There are always pressures to increase tuition, but that can never be the first option,” Houshmand said in a statement announcing the increase.
Staff Writer Diane D’Amico contributed to this report.