This tuition hike will raise the cost of attending Syracuse to $50,000 per year. Is a degree from Syracuse worth that much?
Syracuse.com reports:
Syracuse University tuition will increase to more than $50,000Syracuse University is planning a $5,060 tuition increase in the fall of 2018 as part of a plan to fund $100 million in academic initiatives.That will likely bring tuition at the university up to more than $50,000 a year.The university today announced the “Invest Syracuse” plan to fund its blueprint for academic goals.The tuition increase is one of three ways the university wants to increase funding to academics:- Students matriculating in fall 2018 will see a larger than usual tuition increase. In addition to the regular, incremental 3.9 percent increase expected for that year, tuition will go up by an additional $3,300 to fund the Invest Syracuse plan. That will put tuition at just over $50,000 a year for these students and those who enroll in the future. The university would need to enroll about 6,000 students at that cost to realize an additional $30 million in revenue.- SU will be looking to fund-raise $40 million in scholarships and grants specifically for lower income undergraduates, which could help offset the cost of the tuition hike for qualifying students. SU wants to create a special scholarship for high school valedictorians and salutatorians as a part of this initiative.- The university plans to reduce administrative spending by $30 million. Officials have not yet said how, specifically, they will cut costs.
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