The Board of Governors of Rutgers University last week approved a tuition and fee freeze for undergraduates for the 2020-2021 academic year in response to the COVID-19 pandemic; they will be kept at 2019-2020 levels. Students will still have to shell out a sizable chunk of money to attend the state university — $15,407 for a typical in-state, full-time arts or science student at Rutgers-New Brunswick in combined tuition and mandatory fees, $15,264 at Rutgers-Camden and $14,826 at Rutgers-Newark. According to the university, almost 80% of Rutgers students receive federal, state, private or institutional financial aid that helps reduce their overall bill.
The board also approved a $4.5 billion budget for the upcoming academic year — a 2.2% reduction from the previous year — in anticipation of significant revenue losses, including of tuition and fees. Rutgers expects revenues to be down about $67 million in the next fiscal year, on top of an estimated $88 million cut in state appropriations, which typically account for about 10% of the university’s total revenue sources each year.