Cornell tuition decreasing slightly as 2019-2020 budget passes

Cornell University

The Cornell University Board of Trustees approved the university’s long-term financial planning and 2019-20 budget parameters this week. The plans include investments in key academic priorities; student socio-economic diversity; faculty and staff salary programs and graduate student stipends; and financial aid.

The board will formally approve the anticipated $2 billion operating budget for the Ithaca campus for fiscal year 2019-20 at its May meeting.

“This is the sixth consecutive year in which Cornell has slowed the rate of increases in undergraduate tuition,” said Provost Michael Kotlikoff. “The percentage increase in tuition this year is the lowest it has been in decades, and we are budgeting for a significant increase in financial aid. There will be no net tuition increase for current students receiving financial aid, as we continue to work to make Cornell affordable to a greater number of students from all socio-economic backgrounds.”

The undergraduate tuition rate for 2019-20, before financial aid is applied, will be $56,550 for students in the endowed colleges and out-of-state students in the contract colleges, and $37,880 for New York state residents in the contract colleges. This represents an increase of 3.6 percent, down from an increase last year of 3.75 percent. The trustees also approved a 3.25 percent increase in housing and dining rates.

The total cost of attendance – including tuition, housing and dining – for students in endowed colleges and contract college out-of-state students will be $71,796, an increase of 3.53 percent; for contract college New York state residents, cost of attendance will be $53,126, an increase of 3.5 percent.

For the 10th consecutive year, there will be no increase in tuition for doctoral and research master’s degree students. Most other master’s degree programs will see an increase of 3.6 percent; tuition for professional degrees varies, depending on the field of study. Graduate student stipends will increase by 3 percent.

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