Vermont Business Magazine Tuition for Vermont undergraduates in the Vermont State Colleges System (VSCS) will only increase by 1% this fall, thanks to a boost in state funding promoted by Governor Scott and advanced by the Legislature.
$2.5 million in new state support for the VSCS will reduce a 3% tuition increase for undergraduate Vermont students that was scheduled to go into effect for the fall semester.
“We sincerely appreciate the recognition of our important role in Vermont. We are especially grateful on behalf of our students, for whom college will cost a bit less next year,” said Chancellor Jeb Spaulding.
The reduction to a 1% from 3% increase will benefit full time Vermont students with annual savings of $192 to $336, depending on which college and program they attend. For Community College of Vermont students taking two full semesters of courses, savings would be around $120.
While announcing the Trustees’ support for the change at a meeting today, Board Chair Churchill Hindes stated, “When it comes to affordability for students, every dollar counts.”
Additional state funds will support the System’s ongoing efforts to boost student success through improved retention and graduation rates. Holding back tuition increases and addressing affordability will be an important strategy in these efforts.
For the benefit of Vermont, the Vermont State Colleges System provides affordable, high quality, student-centered, and accessible education, fully integrating professional, liberal, and career study, consistent with student aspirations and regional and state needs. The System comprises Castleton University, the Community College of Vermont, Northern Vermont University, and Vermont Technical College. Visitwww.vsc.edu for more information.