Tuition for University of Rochester undergraduates is increasing for the 2016-2017 academic year, university leaders announced Friday, adding that financial assistance will be increased as well.
Tuition for undergraduates will rise 3.8 percent to $49,260. Room and board for undergraduates will also increase 3.7 percent to $14,818.
The commitment to undergraduate financial aid will increase 13.5 percent to $122.2 million.
More than 86 percent of UR undergraduates receive some form of financial aid, school officials said, noting the average amount of grant aid in 2015-16 was $28,344.
“We very carefully evaluate each year to how to strike the best balance between our costs to students and having the ability to do the things that make our university even stronger. We want to continue to provide students and families the strongest return on their investment in education, while keeping the highly valued Rochester degree accessible and affordable,” said University President and CEO Joel Seligman.
“Providing needed financial assistance to students is an institutional priority, evident through our fundraising emphasis on scholarships in the Meliora Challenge capital campaign. To date, we have raised more than $200 million for scholarships to support deserving students in becoming University of Rochester graduates.”
Tuition for the Eastman School of Music will also increase 3.8 percent to $49,600.
The Simon School of Business announced a 12.1 decrease in tuition in August 2015 to $46,000, a move analysts said would help the school to be more competitive.
Tuition rates at the university’s other professional schools will be increasing for the 2016-17 academic year:
- School of Nursing’s three-semester accelerated program: $63,702, a 3.7 percent increase;
- Warner Graduate School of Education: $44,480, a 3.7 percent increase; and
- School of Medicine and Dentistry: $52,400, a 4.2 percent increase.
The University Board of Trustees approved these rates for all schools at its March meeting.
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