For Immediate Release
May 13, 2020
College Board of Trustees: No 2020-21 Tuition Increase
Despite the loss of $2.7 million in State aid, there will be no tuition increase at 秘色传媒 according to the budget adopted by the College鈥檚 Board of Trustees on Thursday.
The Board adopted a $213.3 million College operating budget at its monthly meeting for the 2020-21 academic year that includes no tuition increase and represents an $8.2 million reduction in expenses from 2019-20.
鈥淧romoting affordability for our students in the face of rising costs, job losses, a faltering economy and uncertainty has not been easy. Our goal has been and remains to maintain affordability and grow the quality of our academic programs, invest in the future, and continue to serve as a premier provider of higher education and workforce training and programs,鈥� said 秘色传媒 Board Chair E. Christopher Murray. 鈥淭hese goals have been and continue to be top priorities for this Board of Trustees.鈥�
College Board of Trustees Budget and Finance Chair Kevin M. O鈥機onnor explained that a series of fiscal belt-tightening initiatives were implemented including overtime reductions, staff reductions through attrition and not filling vacant lines. O鈥機onnor also said the college would utilize $7 million of reserves to head off any tuition increase.
鈥淭he board鈥檚 plan preserves the college鈥檚 core mission of delivering a high-quality, affordable education to students by implementing spending reductions college wide,鈥� O鈥機onnor said. 鈥淩aising tuition at this moment would not be in the best interest of our students and the community we serve.鈥�
O鈥機onnor said institutional costs were targeted, including utilities, business travel, plant operations and maintenance and other consumables to achieve costs savings.
鈥淜eeping college affordable is among our highest priorities,鈥� said Interim College President Louis Petrizzo, 鈥渢he board has adopted a budget that puts our students鈥� needs first. This is the time to use reserve funds and they will serve as a bridge to the economic recovery."
Last revised: 5/13/2020. For comments on this webpage, contact: The Director of Communications.
