New Undergraduate Tuition Rate for New Jersey Campuses
October 20, 2020
Dear University Community Members,
As you well know, COVID-19 has brought about major changes and challenges to universities across the nation, including here at FDU. Let me begin by saying that I am very proud of how our community has responded to these challenges, especially in light of all the uncertainty. Thank you for everything you are doing! It has made a huge difference in the lives of our students.
While the subject of college affordability was an important topic of discussion prior to the onset of COVID-19, the pandemic and its toll on so many families have accelerated that discussion further, prompting the need for swift change
Therefore, I am pleased to announce that we have decided to reduce FDU’s full-time undergraduate tuition rate for all new students on the New Jersey campuses beginning in the fall of 2021. This is a critical step in our strategic focus to improve student retention and success at FDU, and to improve access and affordability for more students—students we hope will now consider FDU.
Beginning in the fall of 2021, FDU will reduce its base full-time undergraduate tuition rate to $32,000 on both New Jersey campuses for all new students. This represents a 22-25% reduction from the current base tuition rate on those campuses. The percentage reduction varies slightly due to the current difference in tuition on both campuses, which, with this change, will become one uniform rate for all new students.
The primary reason for this reduction is that, while many people know the value of an FDU education, many students and families do not believe they can afford an FDU education, and consequently they do not apply to FDU. Often, they are unaware of the many opportunities for scholarships and financial aid available at FDU, and so they believe a private education of FDU’s quality is beyond their reach. Therefore, we need to do all we can to encourage more students and families to consider FDU, and better understand that they can in fact afford an FDU education.
While our sticker price is being lowered only for students entering in the fall of 2021 and beyond, returning students should rest assured that the University will continue to provide generous financial aid packages and financial awards to them, and that we expect most of our returning students will pay a net tuition that is comparable to (or lower than) the new rate. We invite returning students who have questions or concerns about this change and how it affects them to contact the University to discuss their current packages and tuition costs. Please contact the Office of Financial Aid at 973-443-8700 on the Florham Campus and 201-692-2363 on the Metropolitan Campus, or by email at email@example.com, with your questions.
In addition, for returning students, I am pleased to announce that for the 2021-22 academic year, we again will not increase tuition, marking two consecutive years of no tuition increase. Therefore, FDU’s undergraduate tuition will remain the same for three consecutive years.
Further, as we did in this past summer, we will be offering significant discounts for winter session courses that will help students accelerate completion of their degrees. You may also recall that last spring, we restructured and simplified graduate tuition rates, and, in many programs, we reduced rates. These measures are all part of our broader efforts to better support our students.
Despite the current challenges posed by the pandemic, FDU recently enjoyed important recognition, most notably last month when it reached the Top 50 in the North region of the country for the first time in the U.S. News & World Report rankings. And, even more importantly, FDU was ranked number 16 among Best Value Colleges in those rankings. In addition, FDU was ranked among the nation’s Best Colleges for Your Money by Money magazine.
Without question, the value of an FDU education is becoming more well known, and we aim to increase that value. By reducing tuition and providing greater clarity on the actual cost of an FDU education, our new and lower undergraduate tuition rate will pave the way for more students to attend FDU and benefit from the value of an FDU education—an education that will transform their lives.
In addition, our new and lower base tuition rate will make it clear that an FDU education is well within the reach of prospective students from all walks of life, and will simplify our tuition model given that our new rate will be the same at the Florham and Metropolitan campuses for new students beginning in the fall of 2021. We are hopeful that this and other recent initiatives we have undertaken will help us achieve our overall goals of improving student retention and success, as well as increasing access and affordability.
Our hope is that our new undergraduate base tuition rate will inspire an even greater number of students to include FDU in their consideration of colleges to attend, and that many of them will ultimately make FDU their first choice.
Yours in FDU,
Christopher A. Capuano, Ph.D.
Fairleigh Dickinson University