Cornell trustees approve plan for 5 percent endowed tuition increase
Cornell University Board of Trustees approved a set of planning parameters for the 2002-03 budget that calls for a 5 percent tuition increase for most endowed Ithaca students at its meeting in New York City, Jan. 25.
The 5 percent increase sets tuition for Cornell’s endowed undergraduate and Graduate School students at $27,270 for the 2002-03 academic year. Currently this tuition is $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,” said Cornell Provost Biddy Martin. “The administration and trustees are committed to keeping tuition increases as low as possible, while maintaining the excellence of our programs and the distinction of our faculty. At the same time, adjustments will be made in Cornell’s institutional student financial-aid allocations to adjust for the rate increases.”
Ithaca campus professional school tuition and other fees for 2002-2003 approved by the trustees are:
Johnson Graduate School of Management:
Tuition was increased by 5 percent to $30,975. Summer tuition for the 12-month option was increased by 5 percent to $18,900. Two-year tuition for the Executive MBA program was increased by 5.4 percent to $97,000.
Cornell Law School: Tuition for entering students was increased by 7 percent to $31,250. For second-year students, tuition increased 7 percent to $30,660. For third-year students, tuition increased 6.9 percent to $30,080.
Undergraduate student activity fees were increased 34.8 percent (on the recommendation of the Student Assembly) to $124.
Graduate and professional student activity fees are unchanged at $50.
Undergraduate housing rates (double room average) were increased by 5 percent to an average of $5,221.
The full-plan dining contract was increased by 5 percent to $3,707.
Contract college tuition rates will not be considered by the board until further review of state budget proposals by the state Legislature in Albany.