The University of Massachusetts Board of Trustees has voted to freeze tuition rates for in-state undergraduate and graduate students for the 2020-21 academic year, in response to the financial hardships that many Commonwealth families have and will face.
Students will continue to receive nearly $1 billion in federal, state, private and university-funded financial aid in FY-21.
“Even as UMass, like higher education institutions across the country, faces significant budget cuts due to pandemic-related financial challenges, we need to do all that we can to keep a high quality UMass education within financial reach of Massachusetts students,” UMass Board of Trustees Chairman Rob Manning said.
“I commend President Meehan, the campus chancellors and their teams for making this possible through sound and innovative management,” he continued.
Across the four campuses, tuition will average $14,722 for the nearly 48,000 in-state undergraduate students before financial aid is provided. This keeps UMass mandatory charges nearly $1,000 lower than the average for New England public research universities.
Tuition for the 9,500 graduate students will continue to range from $14,590 to $18,433 at the four campuses. The board set tuition rates for UMass Medical School at its April meeting.
“Holding the line on tuition is simply the right thing to do this year as so many students and families are facing stress and uncertainty created by an unprecedented national health emergency and economic downturn,” UMass President Marty Meehan said. “That means controlling student charges and supporting financial aid so our students are able to pursue their dream of earning a UMass degree.’’
In freezing tuition this year, the university is setting aside its recent practice of increasing tuition at the rate of inflation, foregoing $18.6 million in revenue for the coming year. The loss of revenue is offset, in part, by ongoing efforts of the university to reduce administrative costs.
UMass trustees also approved a $3.3 billion operating budget that is $171 million less than last year’s budget.