SYRACUSE, N.Y. — Syracuse University has announced a tuition increase of almost 4 percent for the 2020-21 academic year along with a 7 percent increase in student financial aid.
For the 2020-21 academic year, the cost of tuition for all full-time undergraduates will rise by 3.9 percent.
For those students admitted prior to the fall of 2018, the tuition totals $50,700. For those admitted in fall of 2018 and afterwards, the tuition totals $54,270, a figure that includes the previously announced premium. Only about one out of four Syracuse students pay the full tuition rate.
(Sponsored)
Ask the Expert: Top 5 IT Investments in 2026 to Drive Growth
In recent years, “digital transformation” has meant investing in new tools, migrating to the cloud, and adapting to hybrid work. As we look ahead to 2026, the conversation will shift
10 Reasons Your Business Needs Cyber Insurance
1. Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. New crimes are emerging every day.
Room rates for most full-time returning undergraduates will increase by an average of 3.5 percent and meal-plan rates by an average 2 percent, depending on the housing and meal plans chosen.
At the same time. Syracuse University’s 2020-21 budget includes $300 million in student financial aid, which the school calls an “historic level.” The available funding represents a 7 percent increase over the previous fiscal year.
The announcement comes a few weeks after Syracuse University said the COVID-19 crisis cost it $35 million, necessitating salary cuts for senior university leaders and athletic leaders, as well as a staff salary freeze, spending cuts, and a hold on many capital projects.
Syracuse University recently received more than $9.9 million in stimulus funding from the federal government. The funding was authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Higher-education institutions are required to devote at least half of their awards toward emergency financial-aid grants to their students. Some are saying they will use all of their funding to help students.
