Tuition to rise 6 percent for students

The cost of tuition is rising and doesn’t show signs of stopping.Tuition is projected to rise 6 percent each year over the next 10 years, Vice President of Finance and Administration Richard Cate said at a budget forum on Feb. 10.With increases in room and board and student fees rising, the total cost of attending UVM next year comes to $23,754 for in-state students and $42,680 for out-of-state students, according to a report from University Communications.However, the University will only see around 3.5 percent of the money from the 6 percent tuition increase because the rest of it goes to resources like financial aid, Cate said.Although Cate said he sees tuition money as a crucial aspect to the University’s budget,SGA member Stephen Hannaford said he is concerned about the rise in tuition.”The increase would make tuition for out-of-state students $50,000 10 years from now,” Hannaford said. “They also project that [financial aid] is going to increase at the same rate as the tuition increases, which isn’t necessarily terrifying but it’s risky.”Other students said they are concerned as well.”My brother is in the process of choosing schools, and even though we’re from Vermont, it’s cheaper for him to attend SUNY Purchase than it is for him to attend UVM,” senior Megan Behlendorf said.The increase in tuition is inevitable even with budget cuts this past year, Cate said.President Daniel Mark Fogel said he is concerned about the budget cuts, but is confident that the University remains in a solid position compared to other institutions.”We cut a lot of money out of the budget last year and it was extremely painful, but we didn’t have to cut as much as the other schools,” Fogel said.Last year, Yale, a private research university in New Haven, Conn., suffered $100 million in budget cuts, he said.”Budget cuts are general problems for public and private universities, but it makes it even more difficult in institutions like ours that are research universities because we require very expensive materials,” he said.The University needs to work hard to contain costs, diversify revenues and slow the rate of increase of tuition, Fogel said. However, it is also about understanding what students actually pay in aggregate compared to the “sticker price.”