By: Michael Mandarino / Follow South Jersey Assignment Editor
GLASSBORO, N.J. — Rowan University announced on Monday that tuition for the 2020-21 academic year will decrease by 10%.
Undergraduate tuition for in-state students will now cost $12,938, which will save students and their families approximately $1,438 over the course of the 2020-21 academic year. Out-of-state tuition received a discount of the same dollar amount, as it’ll cost $21,970 instead of $23,408 this year. The university approved a 2.25% tuition increase to $14,376 in the fall, but it directly cited the coronavirus pandemic for the new, discounted rates.
“Amid the financial distress of the pandemic, many of our students and their families are facing significant hardship,” Ali A. Houshmand, Rowan University’s president, said in a release. “In response to the extraordinary economic impact, we are pleased to approve the 10% overall reduction in tuition and fees from what we had planned for undergraduate students for Academic Year 2020-2021. The University was able to provide this added support through broad cost-reduction initiatives, but more importantly, through people rethinking how we best serve our students, taking on more responsibility and, frankly, doing even more with even less.”
“Our Board is deeply committed to and actively involved with helping the University continue to provide a high-quality education at an affordable price,” Chad Bruner, the chairman of Rowan’s Board of Trustees, added. “The pandemic has provided the University quite a few challenges, but long-term planning has enabled Rowan to pivot and make the changes necessary to help students when they have the most need.”
The university also announced that it is “in the process” of awarding $7 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to students who have been financially impacted by the COVID-19 pandemic. As of July 9, more than $3.6 million in emergency financial aid grants have been given across 5,176 different awards. Rowan said that 14,000 students are eligible to receive money through the CARES Act, which was originally signed into law on March 27 with the goal of providing financial assistance to those who need it.
Before this tuition cut, Rowan had increased tuition by 2.5% or fewer in each of the past seven years.
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