Temple University Undergraduate Tuition And Fees

Temple University Undergraduate Tuition And Fees – Regardless of which school they attend in the Philadelphia region, full-time undergraduate students will likely see a tuition increase for the 2023-24 academic year. Tuesday afternoon, Temple University’s Board of Trustees approved tuition increases of 4.2% and 4.4% for in-state and out-of-state undergraduates, respectively.

All of the region’s universities reviewed by Billy Penn are implementing tuition increases of 3% or more, somewhat unsurprising given the decades-long nationwide trend for college costs to rise as enrollment declines.

Temple University Undergraduate Tuition And Fees

Tuition at the University of Pennsylvania will increase by 4% next year. The percentage is similar to Temple’s, but Penn’s tuition for the 2023-24 academic year is closer to $60K, while Temple’s highest tuition is about half that.

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Meanwhile, between March 2022 and March 2023, the Consumer Price Index, which is often used to measure the rate of inflation, rose 6.9% in Philadelphia and other nearby states. The city has the highest short-term inflation among US metros.

Temple is Philly’s only so-called public university, a public institution that receives some state funding, and the board’s vote came amid a chaotic stalemate in Harrisburg as lawmakers try to reach an agreement on next year’s expansion of Temple and other states. around allocations for eg. Penn State and Pitt.

State appropriations make up only a small portion of Temple’s operating budget (about 15% for 2023-24), but university officials have made it clear that their hopes of keeping tuition steady for this academic year were dashed when the state denied the request. 16% funding increase.

Temple expects undergraduate enrollment to drop by 2,200 students and graduate and professional education enrollment by 600. Citing this, Temple is cutting its operating budget, as it has done for the past few years, by $49.6 million, about 4%.

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A Temple student’s tuition varies depending on the school or college they attend and whether or not they live in Pennsylvania. At the bottom, in-state students at the College of Public Health’s School of Social Work could pay nearly $18,000 a year in tuition, while an out-of-state student at that same school could pay about $32,000. Combined fees, which are the same across the board for full-time students, also increase by 4.9% to $484 per semester.

Still, Temple and other Commonwealth states have some of the highest tuition and fees in the country.

How do Temple’s tuition and fees compare to other local universities? Scroll down for an overview, from most expensive to least expensive.

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The partnership with Parkway Corporation will use technology to send drive-in fans to the lot closest to their arrival route. The Board of Trustees approves a 3.9% increase for both in-state and out-of-state students. The university will also cut its budget by 3.6 percent.

Temple University’s Board of Trustees on July 12 approved a 3.9% increase in 2022-2023 undergraduate and graduate basic tuition for both in-state and out-of-state students. The increase is intended to help offset the costs of rising inflation, as US inflation hit a nearly 40-year high this spring.

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Base tuition will be $8,568 per semester for Pennsylvania residents and $15,432 per semester for out-of-state students. Mandatory university fees will increase to $462 per semester, an increase of $17 per semester. The increase comes after the university did not hold tuition for two of the past three years.

“The tuition increase is not a decision we have taken lightly because we recognize the impact it has on students and families,” said Ken Kaiser, Temple University’s chief operating officer. “Unfortunately, we are facing almost unprecedented inflationary pressures, and these pressures are compounded by the fact that government appropriations have remained unchanged for four years in a row. When you combine that with the rising cost of education, we have concluded that this tuition increase is necessary to ensure that we continue to provide all of our students with the high-quality, student-centered education that has always defined this institution.”

Temple will also cut its budget by 3.6%, a total of about $41 million, to help lower its tuition costs this school year. This follows last year when the university cut its budget by 3%. Since the 2020-2021 fiscal year, the university has cut its budget by more than $115 million.

“You never want to cut the budget significantly, because that ultimately hurts the educational experience of the students,” Kaiser said. “In this case, however, we looked really hard at areas where we could potentially cut costs, even more so than in recent years. All of this has been done to keep tuition increases as minimal as possible, which speaks to some of the inflationary challenges we face this year.”

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The university will use its revenue again to help students in need. Approximately 18.5% of all undergraduate revenue will go to financial aid, which traditionally equates to more than $105 million. This year’s budget includes an additional $5 million in financial aid contributions to bring total financial aid contributions to more than $110 million.

The $158.2 million state grant is being used to make Temple University more affordable and accessible to Pennsylvanians. Temple effectively doubles the value of the endowment to provide about $13,000 in tuition discount for each in-state resident.

Additional details are available in Temple University’s 2022–2023 Tuition Schedule and by accessing the Temple Tuition Calculator in the Bursar’s Office. The Board of Trustees approves a compounded 4.2% increase for in-state students and a compounded 4.4% increase for out-of-state students. public students. The increase comes after the university has kept tuition unchanged for two of the past four years.

The Temple University Board of Trustees approved the 2023-24 at its meeting on Tuesday, July 11. a combined 4.2% increase in undergraduate and graduate tuition. Increase for foreign students.

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Base tuition will now be $8,988 per semester for Pennsylvania residents and $16,188 per semester for non-Pennsylvania residents. The increase comes after the university kept tuition fees flat for two of the past four years (2019-20 and 2020-21). Mandatory fees this year will be $484 per term.

The tuition hike comes as the university’s state funding status remains unknown. As of last week, House Bill 612, which would fund Pennsylvania’s four state institutions of higher education, was six votes short of passage in the Pennsylvania House of Representatives. This state grant is used to make Temple University more affordable and accessible to Pennsylvanians. Temple effectively doubles the value of the endowment to provide about $13,000 in tuition discount for each in-state resident.

“Inflation and increased operating costs continue to challenge the university’s budget, and this is compounded by the fifth consecutive year of funding from the Commonwealth,” said Ken Kaiser, Temple University’s senior vice president and chief operating officer. “We carefully studied the budget and made some adjustments. It is important to us that the burden of the rising costs of higher education does not fall solely on our students. We have taken significant steps to reduce the budget while recognizing the need not to disrupt or potentially negatively impact the student-centered education that is at the core of Temple’s identity.”

According to Kaiser, Temple will cut its budget by 4.6%, more than $57 million, to help keep tuition costs down this school year. This follows last year, when the university cut its budget by $41.1 million. Since fiscal year 2021, Temple has now cut its budget by more than $170 million, an annual average of more than $42 million.

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“As a state-affiliated institution without a major endowment, our operating budget is based almost entirely on tuition revenue, as the endowment only provides about 15% of our revenue,” Kaiser said. “Despite the tuition increase, Temple’s access-based mission remains as strong as ever, and most of the university’s tuition revenue will be used to help students in need.”

Approximately 18.5% of all undergraduate revenue will go toward financial aid, which exceeds the in-state tuition discount. That traditionally equals more than $112 million a year.

Additional details are available in Temple University’s 2023-2024 Tuition Schedule and by accessing the Temple Tuition Calculator in the Bursar’s Office. A Temple University education means gaining real-world, professional experience at a public research institution so that you are prepared to lead in your field after graduation. You can take the first step in joining our diverse, talented student community by learning more about the financial aid process.

All students are automatically considered for academic scholarships during the application process. And seventy percent of Temple’s first-year students receive need-based financial aid. We want to make sure you understand how you can make Temple a manageable investment in your future.

Temple University Makes Its Case For Stable In State Tuition Rates In Harrisburg

To do this, we make the process as transparent as possible