Tuition for students who attend the will see a 3 percent increase for the 2012-13 academic year, the school announced at its Board of Trustees meeting on Wednesday, July 11.
According to Stockton College President Dr. Herman J. Saatkamp, the increase is tied for the lowest among New Jersey state colleges.
Saatkamp said the increases for tuition and fees would help “maintain Stockton’s environment for excellence while attempting to keep the college costs within reach of New Jersey residents.”
Within the state, undergraduate tuition for a full time student will increase by $115.75, from $3,858.34 to $3,974.09, the college said.
The college announced that educational and general fees will increase $50.58 from $1,686.05 to $1,736.63. Housing rates are expected to increase an average of 2.75 percent and meal plans will increase 2 percent, college officials said.
For an incoming freshman, the total cost of tuition, fees room and board will increase 2.56 percent, from $22,159.60 to $22,726.22.
“We are never happy to announce tuition and fee increases, particularly at a time when many of our students and their families are struggling to pay bills and make ends meet,” Saatkamp said. “Stockton remains modestly-priced compared to our peer institutions, and we are proud to have held the line on these increases to among the lowest in the state, while maintaining Stockton’s academic excellence. We have been able to do this without cuts in service or jobs.”
The increase is smaller than last year's 5 percent increase.
In May, the school announced housing and meal plan rates would increase. Housing rates will escalate between 2 and 3 percent for each of the five housing units and the Seaview, which began housing students this school year.
Meal plans will see a 2.1 percent increase as of Aug. 31. The highest increase will be for the Seaview plan, at $800, up to $1,633.
The announcement comes two days after Stockton announced it had been by the Middle States Commission on Higher Education. The school received full accreditation. A periodic review report is due in June of 2017 and no further follow-up will be required after that.
“No other institution in the state got full accreditation,” among the other accolades Stockton received in the report, Saatkamp said during Wednesday’s meeting. “I can count on one hand the number of schools in the northeast to receive accreditation. It’s a credit to the entire institution.”
“It’s an amazing report, among the best in the state,” Board of Trustees Chair Stanley Ellis said. “The board is thrilled with the outcome.”