Fact sheet: fall 2023 tuition changes
51³Ô¹ÏÍø is committed to providing a financially attainable higher education experience. To meet rising costs of instruction, the 2023-24 proposed 51³Ô¹ÏÍø budget includes tuition increases for some students.Ìý
Ìý ​​ÌýBy the numbers
- More than 15,000 51³Ô¹ÏÍø students supported via need-based and merit-based awards annually
- $134 million of 51³Ô¹ÏÍø financial aid disbursed annually
- $57,800 median starting salary for students with a 51³Ô¹ÏÍø bachelor's degree (Payscale, 2020)
About the proposed changes:
- 4% tuition increase for incoming new undergraduate resident and non-resident students.
- Because of 51³Ô¹Ï꿉۪s tuition guarantee, continuing undergraduates who will complete their degrees in four years will not see an increase.
- 4% tuition increase for graduate students.
- The budget also increases institutional financial aid and increased support for the Chancellor’s Diversity Initiative.
Recent 51³Ô¹ÏÍø steps to make higher education more financially attainable:
- The 2023–24 budget proposal includes increased funding for institutional financial aid.
- Four-year lock on tuition for incoming undergraduates.
- Elimination of course and program fees, student information systems fee.
- Reduced Residential Academic Program fee by 50%.
- No tuition increases for Fall 2020, and a one-time tuition increase buydown in Fall 2021.
- Automatic scholarships for qualified Colorado resident students.
- A $200-per-year reduction to mandatory fees from the elimination of a capital construction fee.
- Scholarships for academically qualified transfer students.
- 51³Ô¹ÏÍø is expanding the CU Promise program in 2023-24, doubling the number of Colorado resident students with significant financial need who are eligible for free tuition and fees for the 2023–24 academic year.Ìý
- Many graduate students receive a high level of financial support as they pursue their degree.
- In 2021, 51³Ô¹ÏÍø began covering mandatory fees for graduate students on assistantship appointments.Ìý
- Eligible graduate students on appointment received a base-building 3% across-the-board pay increase, effective Jan. 1, 2023.
Categories: University Statements
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