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USNH Sets Cost of Attendance at Institutions; Approves Financial Aid Increase

By Matt Cookson, USNH
July 7, 2010

The USNH board of trustees approved the budget for the upcoming fiscal year, including modest increases for the cost of attendance at the four USNH institutions: Plymouth State University, Keene State College, Granite State College, and the University of New Hampshire.  The total direct cost of attendance for full-time undergraduate students will increase between 3 and 5.8 percent across the USNH institutions for the 2010-11 academic year. The direct cost of attendance includes tuition, room, board, and mandatory fees.

“The FY11 budget includes a 40 percent increase in financial aid grants for New Hampshire students over what was spent in FY09, but overall spending will increase roughly one percent over the current year. We were able to support this substantial increase in financial aid for our neediest students with minimal increases in total expenses because of the major efforts made across the University System to cut costs and continually build in operating efficiencies,” said Board of Trustees’ Chair Ed Dupont.  “I commend the board, our presidents and our fiscal managers across USNH for their work to align expenses with flat or declining revenues and for their continuing work to help make sure we can maintain a high level of service during this protracted economic downturn.”

The board approved tuition rates during their annual business meeting at UNH June 24.  The financial aid increases are in response to a dramatic increase in the number of students who have become eligible for financial aid because of current economic factors.  For example, the number of students eligible for federal Pell Grants jumped by 35 percent in the last year.  The USNH will spend more than $75 million for institutionally funded student financial aid next year, ensuring there will be little or no net increase in costs for New Hampshire’s most needy students.

Trustees voted to approve a $500 million operating budget for “education and general” purposes in FY11, including financial aid.  The budget includes a $100 million appropriation from the state Legislature, equal to the FY09 and FY10 appropriations. When combined with activity from auxiliary (self-supporting) operations and sponsored research and programs, total USNH operating revenue and expenses is expected to exceed $825 million next year.

For FY11, the direct costs of attendance (tuition, fees, room, and board) for in-state students will increase by 4.9 percent at UNH, 5.2 percent at Plymouth State University, and 5.8 percent at Keene State College. Tuition for students at Granite State College will increase by $12 per credit (4.0 percent), for a total of $250 per credit hour. The rate of increase at UNH Manchester for resident students is 8.9 percent. The increase is part of an approved phase-in to equalize tuition rates at the Durham and Manchester campuses of UNH.

The tuition portion of the increase adopted for the coming academic year was $650 for all students at the three residential institutions to cover the increased costs of operation, including the increase in financial aid and for personnel benefits, plus selected strategic investments that over time will lead to enhanced revenues and additional cost reductions. Examples include start-up funds for much needed nursing programs at Keene State and Plymouth State, fundraising support at all three residential campuses, and expanded national and international student recruitment efforts at UNH.

Given the higher current cost of attendance for out-of-state students, their cost of attendance percentage increases will range from 3 percent to 4 percent in the coming year. The room, board, and mandatory fee-related expenses have all been approved by the respective student governance groups at each institution.  

“We are appreciative of the state funding for the upcoming academic year and well aware of pressures on funding levels for the next biennium.  We also understand the net price of our programs is a significant factor in achieving our mission, which in addition to affordability and access, includes being a major source of New Hampshire’s economic growth and vitality. Equal dollar increases underscore the commitment to shared responsibility for cost increases, and maintain the substantive subsidy out-of-state students now contribute to reduce in-state tuition rates. With the growing competitiveness of the market for out-of-state students, it is essential we are focused on maintaining the quality of our programs and delivery at reasonable prices that enable us to attract and retain highly talented students,” said USNH Chancellor Ed MacKay.

The chart shows the total cost of attendance for in-state and out-of-state students at each of the four institutions for the 2010-11 academic year:


UNH

In-State

Out-of-State

Tuition

$10,730

$24,700

Fees

$2,942

$2,942

Room & Board*

$9,852

$9,852

Total

$23,524

$37,494

 

 

 

PSU

In-State

Out-of-State

Tuition

$7,650

$15,820

Fees

$2,256

$2,256

Room & Board*

$9,110

$9,110

Total

$19,016

$27,186

 

 

 

KSC

In-State

Out-of-State

Tuition

$7,650

$15,820

Fees

$2,490

$2,490

Room & Board*

$8,670

$8,670

Total

$18,810

$26,980

 

 

 

UNHM

In-State

Out-of-State

Tuition

$10,650

$24,700

 

 

 

GSC

In-State

Out-of-State

Credit-Hour

$260

$275

*the figure used for meal plans in this line item represents the highest cost plan. Most students opt to use a lower cost basic plan, which costs from $280 to $800 less depending on the institution.


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