2016-17 University Budget to Significantly Increase Financial Aid, Continue Growth of Graduate Assistants’ Stipends and Set Tuition Rates

Syracuse University’s 2016-17 budget reflects the University’s continued commitment to increasing student financial aid, controlling student cost of attendance and maximizing resources in a way that enriches the overall student experience.

The average total cost (tuition, room/board and fees) for full-time undergraduates will increase by 3.5 percent in 2016-17. Full-time undergraduate tuition for the 2016-17 academic year will be $43,440, an increase of 3.9 percent from the current year. Most room and board rates will increase by approximately 2-2.5 percent, depending on the room and meal plan chosen.

The 2016-17 budget also includes the largest commitment to University-funded financial aid ever, totaling $247 million earmarked for undergraduate students. This represents a 5.6 percent increase in aid over the 2015-2016 academic year.

In addition, the 2016-17 budget will support a 6.3 percent increase in the graduate assistant minimum stipend, a measure advanced by the Graduate Student Organization and other student groups. This new increase comes on top of a 7 percent increase to the minimum stipend that was granted to graduate assistants this year.

The Executive Committee of the Board of Trustees recently approved undergraduate tuition, room and board, and other fees for the 2016-17 academic year as proposed by the University administration.

Syracuse continues to earn national recognition for its ongoing efforts to balance costs with its commitment to delivering a high-quality education. In rankings that factor in both academic quality and net cost, Syracuse has been identified as a “Best Value School” by U.S. News & World Report for the past three years and as a “Best Value College” by Kiplinger’s Personal Finance for the past two years.