Missed this given the, uh, prominent international news event that took place in the region this weekend.
triblive.com
In short, the state passed the budget last week, and Pitt’s appropriation was flat from the year before - about $150M. The law requires for Pitt to spend every dollar of it on the in-state tuition discount. The $150M makes up about 50% of the total expenditure for the in-state discount. Pitt is raising tuition by 2%, or about $200 a semester for in state, $440 for out of state. This is the same percentage increase as last year.
Pitt is also investing $300M for financial aid (not including the $150M appropriation), which is a 45% increase from five years ago.
And, more importantly, the budget is balanced - a growing rarity in an era where many private and public schools are facing large deficits - Penn State reported a deficit of $63M last year, for example. It indicates the overall very strong health of Pitt as an institution, which eventually also filters down to athletics.
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Pitt raises in-state tuition on its main campus by 2%
Tuition for in-state undergraduate and graduate students at the University of Pittsburgh will rise 2% for the upcoming academic year. Tuition will be held flat at regional campuses. The rates were announced as part of Pitt’s $3.2 billion operating budget and $265.2 million capital budget for...
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In short, the state passed the budget last week, and Pitt’s appropriation was flat from the year before - about $150M. The law requires for Pitt to spend every dollar of it on the in-state tuition discount. The $150M makes up about 50% of the total expenditure for the in-state discount. Pitt is raising tuition by 2%, or about $200 a semester for in state, $440 for out of state. This is the same percentage increase as last year.
Pitt is also investing $300M for financial aid (not including the $150M appropriation), which is a 45% increase from five years ago.
And, more importantly, the budget is balanced - a growing rarity in an era where many private and public schools are facing large deficits - Penn State reported a deficit of $63M last year, for example. It indicates the overall very strong health of Pitt as an institution, which eventually also filters down to athletics.