2017-18 University Budget to Significantly Increase Financial Aid, Continue Growth of Graduate Assistants’ Stipends and Set Tuition Rates

Syracuse University’s 2017-18 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 3.4 percent in 2017-18. Full-time undergraduate tuition for the 2017-18 academic year will be $45,150, 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 2017-18 budget also includes the largest commitment to University-funded financial aid ever, totaling $255 million earmarked for undergraduate students. This represents a 4.8 percent increase in aid over the 2016-17 academic year.

In addition, the 2017-18 budget will support a 2.5 percent increase in graduate assistant stipends for students earning above the minimum stipend, a measure advanced by the Graduate Student Organization. This increase comes on top of a 6.3 percent increase to the minimum stipend that was provided this year, and a 7 percent increase in both 2015-16 and 2014-15.

The Executive Committee of the Board of Trustees recently approved undergraduate tuition, room and board, and other fees for the 2017-18 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 four years and as a “Best Value College” by Kiplinger’s Personal Finance for the past three years.