Syracuse University will increase tuition for the 2016-17 academic year by a higher rate than it increased tuition for the 2015-16 academic year, marking the first time in over a decade that tuition will be raised at a higher rate than it was the previous year.

Tuition for full-time undergraduate students will increase 3.9 percent from $41,794 to $43,440 in 2016-17, according to an SU News release. That marks the highest rate of increase since tuition was raised by 4 percent for the 2010-11 academic year.

Room and board rates will increase between 2 and 2.5 percent, depending on the room and meal plan chosen, according to the release.

Tuition has increased every year at SU over the past 10 years, but since at least the 2006-07 academic year, the rate of those increases has been on a steady decline, according to SU’s Office of Budget and Planning.

Tuition was increased by 5.9 percent in 2006-07, 5.7 percent in 2007-08, 5.6 percent in 2008-09, 4.5 percent in 2009-10, 4 percent in 2010-11, 3.8 percent in 2011-12, 3.6 percent in 2012-13, 3.6 percent in 2013-14, 3.6 percent in 2014-15 and 3.5 percent in 2015-16.

That trend is now over, though, with tuition going up 0.4 percent more for 2016-17 than it did for the current academic year.

The 2016-17 budget will also include a 5.6 percent increase in the amount of financial aid offered by SU, with a total of $247 million reserved for undergraduates, according to the release.

There will also be a 6.3 percent increase in the minimum graduate assistant stipend, according to the release.

Each of those rates were recently approved by the Board of Trustees Executive Committee, according to the release.

Published on March 24, 2016 at 6:34 pm

Contact Michael: mdburk01@syr.edu