Rutgers University governors approved a 2.3 percent tuition and fee increase for undergraduate students for 2018-2019 on Wednesday.
“For the past five years, we have worked hard to keep tuition increases to an absolute minimum,” Rutgers President Robert Barchi said.
The hike compares with a 10-year average annual increase of 3.2 percent.
Many Rutgers students pay less money out-of-pocket because New Jersey is considered a high aid state. Seventy percent of Rutgers undergraduates receive some form of financial aid.
A New Jersey resident enrolled at the New Brunswick campus, and living on campus, will see a $590 increase that includes housing before financial aid is applied. Over the last five years Rutgers has increased its tuition by 2.3 percent on average putting it on par with its peer group of universities.
Rutgers University has received official accreditation from the Middle States Commission on Higher Education for the next nine years.
“That is as far as they could do,” Barchi said. “This is a high accomplishment.”
Regarding admissions, Rutgers-Newark has seen a decline in admission by two percent since last year. Rutgers-New Brunswick has seen an increase by 11 percent and Rutgers-Camden has seen an increase by 18 percent.
The board approved a $4.3 billion budget for 2018-2019.
David Hughes, vice president of Rutgers AAUP-AFT faculty union and a professor of anthropology, told the governors that 20,000 Rutgers workers are working without a contract.
He also rejected the notion that Rutgers is “financially strapped.”
Said Hughes: “We know that there is money available. … Moody’s said there is a financial cushion. You are asking this generation to pay $25 million more than last year. Try to explain that.”