WASHINGTON – Following passage by the Board of Trustees earlier today, the Student Government applauded the new University Budget, which includes a 2.90% tuition increase, the smallest on record..
“This is a big win for students. We advocated for the lowest possible tuition increase and the Board listened,” said Comptroller Joe Ste.Marie.
The tuition increase balances the current and future needs of the University while limiting price increases. Inflation sits around 2.1% with some of the University’s costs, such as health care and technology, expected to outpace inflation.
The budget also increases the tuition discount rate to 30%. The tuition discount-rate determines the percentage of tuition going towards financial aid. That rate has remained at 29% for the last ten years.
“With the addition of nearly $1.5 million in financial aid, AU will be more financially accessible for thousands of students now, and in coming years,” said Ste.Marie.
The University’s budget process, which is completed every two years, has been ongoing since May 2012. The Student Government released its recommendations for the budget last October.
The American University Student Government represents the needs and collective voice of over 6,000 undergraduates. Our mission is to advocate for policies that will tangibly benefit students, offer top-notch programs and lasting traditions, provide services and resources to students, and work with clubs and student leaders to establish a positive cohesion between our groups.
Rosemary Cipriano, Communications Director