Syracuse University’s 2020-21 budget includes a substantial increase in student financial aid, reaching a historic level of $300 million. That financial commitment, which represents a 7 percent increase over the previous fiscal year, will ensure the doors of opportunity are kept wide open for students of promise and talent from across the socioeconomic spectrum.
For the 2020-21 academic year, the cost of tuition for all full-time undergraduates will increase by 3.9 percent. For those students admitted prior to fall 2018, the tuition totals $50,700. For those admitted in fall 2018 and afterwards, the tuition totals $54,270, a figure that includes the previously announced premium. Room rates for most full-time returning undergraduates will increase by an average 3.5 percent and meal plan rates by an average 2 percent, depending on the housing and meal plans chosen.
In addition to the expansion of financial aid, the University recently announced a series of new and enhanced financial programs and resources designed to help students achieve their academic goals and provide support for students facing hardships related to the pandemic. These include:
“The quality and value of a Syracuse University degree is undeniable, and we want to put it within reach for students who have big dreams, ambitious goals and great potential,” says Ryan Williams, vice president for enrollment services. “Dramatically increasing our financial support is just one way we can help deliver on those dreams, both for our prospective students as well as our current students.”
The 2020-21 budget maintains a high level of service to students with minimal or no fee increases. There is no proposed increase to the undergraduate co-curricular fee or the residential internet and cable service fee. The undergraduate student activity fee will increase by a nominal 1 percent, an average of $2 higher than the year before. A 2 percent increase in the health and wellness fee for undergraduates, College of law and graduate students—about $15 above the year before—supports significantly enhanced services available at the Barnes Center at The Arch. Program fees across schools and colleges remain mostly flat.
Graduate assistant stipends will increase by an overall average of 2.5 percent, with the new minimum stipend for graduate students totaling $16,080. For students on a University fellowship, the 2020-21 minimum amounts for fellowships have increased to $16,125 for master’s students and remain at $25,290 for doctoral students.
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