Students of Cornell’s endowed colleges will have to dig deeper into their pockets when paying next year’s tuition.
The Board of Trustees voted Saturday to raise the tuition of the College of Arts and Sciences, the College of Engineering, the College of Art, Architecture and Planning, the School of Hotel Administration and the Graduate School to $27,270 for the 2002-03 academic year, which represents a five percent increase over the current fee of $25,970.
“The University is facing significant budget pressures this year. In order to continue providing the high-quality education for which Cornell is widely known, and which assures our position in a highly competitive environment, the trustees have approved this tuition increase,” stated Provost Biddy (Carolyn A.) Martin in a University news release.
Martin stated that the Board of Trustees makes an effort to keep tuition increases as low as possible, “while maintaining the excellence of our programs and the distinction of [Cornell’s] faculty.”
Martin also commented on the state of financial aid at the University.
“At the same time, adjustments will be made in Cornell’s institutional student financial-aid allocations to adjust for the rate increases,” Martin said.
The trustees also approved increases in tuition for Cornell’s professional schools for 2002-03. Tuition for the Johnson Graduate School of Management was increased by five percent to $30,975. Tuition for entering students of Cornell Law School was increased by 7 percent to $31,250. Second- and third-year students will pay $30,660 and $30,080 respectively.
The administration recommended that the Board of Trustees increase tuition, according to Henrik N. Dullea ’61, vice president for University relations.
“It’s necessary to keep pace with the compensation of faculty and University staff and also to maintain the best possible facilities and equipment and library resources,” Dullea said.
The board also approved a 34.8 percent increase in the undergraduate student activity fee to $124.
The New York State Legislature in Albany will review the tuition rates for the statutory colleges, which include the College of Human Ecology, the College of Agriculture and Life Sciences and the School of Industrial and Labor Relations, later this spring.
Archived article by Stephanie Hankin