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Friday May 26, 2017

Rutgers Board of Governors Approves University Budget

News Release
Thursday July 15, 2010

Rutgers Board of Governors Approves University Budget

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NEW BRUNSWICK, N.J. – At its annual budget meeting today, the Board of Governors of Rutgers, The State University of New Jersey, established tuition, fee, and room and board rates for the 2010-11 academic year. Tuition for all in-state undergraduate students will rise by 4.0 percent under the plan approved by the board.

The board also announced that it is allocating an additional $3.5 million in student financial aid to ensure that Rutgers remains accessible to a broad range of New Jersey residents. This increase in institutional student aid is essential in light of reduced state funding for the Tuition Aid Grant (TAG) and Educational Opportunity Fund (EOF) programs that assist thousands of Rutgers students each year.

In developing its spending priorities and tuition rates for the coming year, the Board of Governors was required to address a significant cut in direct state operating funds for Rutgers in 2010-11, which will leave the university with its lowest level of state appropriation since the 1993-94 fiscal year.

“The recent economic recession has severely limited state government’s ability to provide adequate funding for New Jersey’s public colleges and universities, and has exacerbated a long-term trend in declining state support for higher education in the Garden State,” said Richard L. McCormick, university president. “This year’s difficult budget situation will require all members of the Rutgers community to work together to maintain our commitments to high-quality teaching, research, and service to the people of New Jersey.”

As a result of the Board of Governors action, a typical in-state, full-time, Arts and Science undergraduate on the New Brunswick/Piscataway campus will pay $9,926 in tuition and $2,633 in mandatory student fees in 2010-11. For such a student living on campus, room charges will be $6,836 in 2010-11, while a meal plan will be $4,070. Compared to last year, annual tuition will increase by 4.0% for this student, while total costs (tuition, fees, room and board) will increase by 5.4%. (Note: specific tuition, fee, room and board charges at Rutgers may vary across the university’s campuses, colleges and schools.) 

Rutgers, the State University of New Jersey, was founded in 1766 as Queen’s College and currently enrolls more than 53,000 students throughout its three campuses in Camden, Newark, and New Brunswick/Piscataway. Regarded among the top public research universities in the country, Rutgers is one of only two New Jersey institutions represented in the prestigious Association of American Universities. The state’s flagship university is nationally ranked in numerous areas of study, including English, History, Mathematics, Philosophy, and Physics, among others.

 

Media Contact: Greg Trevor
732-932-7084, ext. 623
E-mail: gtrevor@ur.rutgers.edu

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