{"id":418292,"date":"2020-03-02T15:07:09","date_gmt":"2020-03-02T20:07:09","guid":{"rendered":"http:\/\/www.rochester.edu\/newscenter\/?p=418292"},"modified":"2020-04-07T16:33:32","modified_gmt":"2020-04-07T20:33:32","slug":"university-sets-tuition-rates-financial-aid-for-2020-21-418292","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/newscenter\/university-sets-tuition-rates-financial-aid-for-2020-21-418292\/","title":{"rendered":"University sets tuition rates, financial aid for 2020-21"},"content":{"rendered":"

The 2020-21 tuition rate for University of Rochester undergraduates in the College will increase by 3.9 percent over last year, to $57,188. Room and board will be $17,064, a 3.6 percent increase. With an increase in the cost of attendance comes additional financial aid that supports Arts, Sciences & Engineering undergraduates. Institutional financial aid is rising 4.6 percent over the current year to $153 million.<\/p>\n

Tuition for Eastman School of Music undergraduates will increase 3.7 percent to $57,420.<\/p>\n

After considering available revenue sources, as well as operating efficiencies, the University\u2019s Board of Trustees approved the 2020-21 undergraduate and professional school tuition rates at a February meeting.<\/p>\n

Undergraduate tuition background <\/strong><\/h3>\n

Annually, the University determines the undergraduate tuition rate based on the projected financial needs of AS&E in the upcoming year, as well as the expected number of enrolled students. This formula does not change. Tuition increases are also a balance between the University\u2019s ability to provide the best instructional experiences for students and keeping the cost affordable.<\/p>\n

For 2020-21, undergraduate tuition will cover about 64 percent of AS&E expenses, which are projected to rise in cost by 5 percent in the coming year. Tuition dollars go to the programs, services, and facilities that benefit all AS&E undergraduates, regardless of whether students live on or off campus.<\/p>\n

\u201cWe are continuing to implement new efficiencies in our operating costs that minimize tuition increases and keep the Rochester education accessible to low- and middle-income families,\u201d said Donald Hall, the Robert L. and Mary L. Sproull Dean of the Faculty of Arts, Sciences & Engineering. \u201cWe need to remain a leader in academic programs and research opportunities, while simultaneously supporting the growing needs for important student services and experiences.\u201d<\/p>\n

Financial aid increase<\/strong><\/h3>\n

This year, AS&E financial aid funding is rising by 4.6 percent to $153 million\u2014from $146 million in 2019-20. This $153 million is in the form of institutional grants and scholarships. Overall, more than 82 percent of AS&E undergraduates receive financial aid, with the average need-based financial aid package being about $52,100 most recently in 2019-20.<\/p>\n

In 2019-20, more than $377 million in total aid\u2014the combination of federal\/state\/outside grants\/scholarships\/loans and University grants and scholarships\u2014was awarded.<\/p>\n

Tuition at the University\u2019s professional schools<\/strong><\/h3>\n

The Board of Trustees also approved the 2020-21 tuition rates at the University\u2019s professional schools:<\/p>\n

Simon Business School: <\/strong><\/p>\n