Vt. public college tuition up more than income
MONTPELIER (AP) -- The tuition at Vermont’s public colleges and the University of Vermont has risen by about 27 percent over the last five years, according to a new report from the New England Board of Higher Education. But the study did not take into account changes in financial aid.
The price tag varies for students at Vermont’s five state colleges and UVM depending on a variety of factors. But in general, tuition has risen by between 3 and 4 percent every year for the past five years, the report has found.
Report co-author Monnica Chan told Vermont Public Radio (http://bit.ly/Zkdw0B ) the state ranked near the bottom when it comes to state funding for the state college system and UVM.
"If tuition and fees continue to rise and family income continues to stagnate we are not really serving our students to the best of our ability," Chan said.
Vermont State College Chancellor Timothy Donovan said schools are working to offset the increases.
"So it’s something we’re attending to. We’re putting more funds into helping those students who have needs that we can try to address through institutional aid, and just trying to monitor costs," Donovan said.
At the state colleges the average in-state tuition rose just over 26 percent, in the last five years, the report said. At UVM the figure was 28 percent.
UVM Financial Aid Director Marie Johnson said the university worked hard to get aid into the hands of students who need it.
"To have drastic increases in tuition or reductions in aid just would not support that very high institutional goal," she said.
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