The Rowan University board of trustees announced it is cutting tuition and fees for the 2020-21 academic year by 10% — to just under $13,000 — for in-state undergraduates.
In-state students will now pay $12,938.40 — $1,438 less than had been previously approved. The university also will reduce out-of-state undergraduate tuition and fees an equal dollar amount, from $23,408 to $21,970.40.
Rowan President Ali Houshmand, who has made making college more affordable one of the hallmarks of his tenure, said the move is in direct response to COVID-19.
“Amid the financial distress of the pandemic, many of our students and their families are facing significant hardship,” Houshmand said.
“The university was able to provide this added support through broad cost-reduction initiatives, but, more importantly, people rethinking how we best serve our students, taking on more responsibility and, frankly, doing even more with even less.”
The university is located in Glassboro, but Houshmand always has viewed it as a cornerstone for economic development in South Jersey. He said the tuition cut shows Rowan’s shared commitment to the school community and the region.
“I deeply appreciate everyone’s sacrifice,” he said. “It’s inspiring to see such commitment to our students in every area of the Rowan community.”
Chad Bruner, chairman of the Rowan University board of trustees, said the cost-conscious way the university is run enabled the board to make the move.
“Our board is deeply committed to and actively involved with helping the university continue to provide a high-quality education at an affordable price,” he said. “The pandemic has provided the university quite a few challenges, but long-term planning has enabled Rowan to pivot and make the changes necessary to help students when they have the most need.”
Rowan University has a strong record of keeping its education affordable.
It recently partnered with three community colleges and it has held tuition increases to under 2.5% for the past seven years. Since 2013, the school said it has given $183 million in scholarships and waivers.
Houshmand also said the school is in the process of awarding $7 million of CARES Act funding to students who have been financially impacted by COVID-19.
“Taking action continuously to make high-quality higher education more accessible and affordable isn’t always easy, but it is the right thing to do,” he said. “We hope that our actions to reduce costs now will help our students and their families even more.”