The University of Connecticut’s Board of Trustees has approved a five-year plan to increase undergraduate tuition for students.
Under the new proposal, tuition will increase by more than $3,200 by the 2024-2025 school year. Annually, the tuition hike would be between $625 and $679. It represents a 23.3 percent increase over the next five years.
UConn officials noted that in-state tuition is currently $13,798, while out-of-state tuition is $36,466. The previous tuition plan, adopted four years ago, increase tuition by $950 for in-state students and $1,250 for out-of-state students.
“While much has been accomplished to date, the mandated costs ahead of us and our commitment to limiting tuition increases will require us to continue to aggressively manage our budget by cutting costs and finding efficiencies,” Scott Jordan, UConn’s executive vice president for administration and chief financial officer, said. “It’s critical that the full burden of meeting increased costs doesn’t fall on our students.”
Though tuition is going up, the Board of Trustees noted that financial aid will also be increased in the next five years. UConn also has introduced a program to allow families with an annual income under $50,000 to attend tuition-free.
“In my early conversations with Gov. Lamont and members of the General Assembly, I asked that they do all they could to hold state funding for UConn steady,” UConn President Thomas Katsouleas said.
UConn officials said “the tuition proposal reflects the smallest possible increase necessary to protect the academic gains made over the years.”
“That happened for the current fiscal year, and I am hopeful it can continue. As a result, we are able to propose tuition increases that are significantly lower than those enacted in recent years,” Katsouleas added. “This reflects the importance of the social contract between the state, its citizens and UConn as Connecticut’s flagship public university.”
Click here to sign up for Daily Voice's free daily emails and news alerts.