The CUNY Value

From affordability, high academic standards and stabilizing financing strategies, to colleges and schools that provide New York’s communities with an educated, competitive workforce, The City University of New York represents value in the higher education marketplace. The CUNY Value

rom affordability, high academic standards and stabilizing financing strategies, to colleges that provide New York’s communities with an F educated, competitive workforce, The City University of New York represents value in the higher education marketplace. Here’s why students are choosing CUNY in record numbers: 8 CUNY is more affordable than other public and private metropolitan area institutions, due to lower tuition rates, available financial aid for needy students and a funding mechanism that envisions modest tuition increases to keep University finances stable. 8 CUNY fuels the New York labor market , educating for in-demand careers and producing well-prepared, competitive graduates who largely stay here to contribute to the local economy and their communities. 8 CUNY students borrow less for their education, and owe less at graduation, than do their peers at other public and private institutions. 8 CUNY’s capital program benefits communities and campuses, meeting enrollment demand, creating construction jobs as well as 21 st century educational facilities.

2 The CUNY Value Affordable Tuition, Financial Aid and the CUNY Compact

Affordable tuition , federal and state financial aid for needy students , and The City University of New York’s advocacy for a rational funding mechanism known as the Compact for Public Higher Education are helping to keep CUNY accessible and affordable for the hundreds of thousands of students it educates each year.

AffordableTuition Financial Aid • CUNY’s 2009-10, in-state tuition was $4,600 per year at the • Nearly 167,000 CUNY students received federal and state financial aid, including need- senior colleges and $3,150 at the community colleges — less based federal Pell grants and New York State Tuition Assistance (TAP) awards, and loans, than the tuition fees at other public and private, four-year and during 2009-10. two-year programs in the metropolitan area. • CUNY is tuition-free for its neediest students. Pell and TAP help insulate low-income students • The Compact financing method helps keep CUNY affordable by from tuition increases and other economic fluctuations. This helps to level the playing field for providing for small, predictable tuition increases for which access to a college education so more students can attend full-time and graduate. students can prepare – and which are eased in many cases by • Approximately $491.4 million in Pell and $224.4 million in TAP went to CUNY students in federal and state financial aid. 2009-10; many students received both federal and state aid. All told, more than $1 billion in • To preserve academic quality amid deep state and city budget aid – including grants, scholarships, work-study and loans – was received by CUNY students cuts to public higher education, CUNY has proposed a modest, from federal, state, city and institutional sources. 5 percent across-the-board tuition increase for spring 2011. The Compact For 2011-12, a 2 percent increase is proposed in accordance with the CUNY Compact funding strategy, a partnership between • The Compact funding strategy envisions consistent, stable financing for the University through government, philanthropists, CUNY and students to ensure good and challenging economic times. It is based on a partnership with delineated stable finances. responsibilities among philanthropists, students, alumni, the State/City and University. • Tens of thousands of low-income CUNY students receiving full • Under the Compact, government funds mandatory costs such as energy and labor and at least TAP awards will have no additional tuition expense as a result of 20 percent of new academic programs and student services; philanthropic contributions are the proposed 2011-12 increases. Virtually all TAP recipients with encouraged; the University commits to cutting internal costs to free up education funds, and family incomes of less than $50,000 will see no increase. This instead of the tuition spikes of the past, the Compact provides for modest, predictable increases. year’s Pell Grant increases of $200 should also ease the impact of increases. Pell aid has nearly doubled for CUNY students since 2006-2007.

3 The CUNY Value The New York City Labor Market

CUNY contributes immensely to the New York City labor market , playing a critical role in the city’s economy. In a city that has the third-highest college enrollment among the 10 largest U.S. cities, CUNY educates the majority of undergraduates, our graduates remain in the city — to work in in-demand occupations, pay taxes on their higher incomes, and pursue additional education.

In the Work Force In-Demand Occupations • A nearly three-decade sampling, 1981-2008, found eight of 10 bachelor’s • CUNY awards about 4,500 baccalaureate and 800 master’s degrees in recipients, and seven of 10 associate recipients still living in NYC, while 85% business and finance (excluding sales and marketing), and graduates about remained in state. 2,000 students from accounting programs each year. • Within three years of graduating, 84% of CUNY’s baccalaureate graduates are • CUNY baccalaureate and master’s graduates account for more than one-third employed; 44% are continuing their education, and 92% are employed or of business and finance graduates from NYC institutions. continuing their education. • Approximately one-third of NYC public school teachers are CUNY-educated. • Within six months of CUNY graduation, 76% of associate degree recipients • About 40% of graduates of NYC teacher education programs are from CUNY. are employed; 72% are continuing their education, and 94% are employed or CUNY’s nursing programs graduate 65% of the 1,400 associate degree-level continuing their education. • RNs at NYC institutions; 80% are employed within six months of graduation. Undergraduates • CUNY produces about 500 health and science technicians annually, 400 • CUNY serves 56% of undergraduates enrolled in New York City colleges. computer specialists and more than 300 engineering technicians; 84% have • Graduates of New York City public high schools comprise 69% of first-time jobs within six months. CUNY freshmen. Graduates • In 2008-09 CUNY granted 51% of all associate degrees, 41% of baccalaureate degrees and 23% of master’s degrees awarded in NYC. • Since 1967 CUNY has conferred more than 1 million degrees.

4 The CUNY Value Tuition and Affordability

CUNY is among the nation’s most affordable colleges and universities. A valued and respected degree at a CUNY college costs less — in most cases far less — than at the vast majority of four-year and two-year colleges and universities, public and private.

NEW YORK METROPOLITAN COLLEGES & UNIVERSITIES FALL 2010 ANNUAL TUITION* PUBLIC COLLEGES & UNIVERSITIES FALL 2010 ANNUAL TUITION*

Sarah Lawrence College $42,600.00 University of New Hampshire $13,672.00 Columbia University $41,160.00 University of Vermont $12,180.00 New York University $40,082.00 University of Texas, Dallas $10,744.00 Fordham University $37,545.00 Rutgers University $9,546.00 Pratt Institute $35,410.00 University of Texas, Austin $8,930.00 New School, Eugene Lang College $32,350.00 University of Virginia $7,496.00 Pace University $32,656.00 University of Connecticut $7,632.00 Hofstra University $30,750.00 Georgia College and State University $7,852.00 Long Island University, Brooklyn Campus $27,368.00 New Jersey City University $6,804.00 St. John’s University $27,110.00 University of California, Berkeley $6,888.00 College of New Rochelle $27,110.00 Adelphi University $25,950.00 CUNY Senior College $4,600.00 Marymount Manhattan College $22,420.00 CUNY Community College $3,150.00 St. Francis College $17,280.00 St. Josephs, Brooklyn Campus $17,000.00 Mercy College $16,490.00 Metropolitan College of New York $15,300.00 DeVry Institute of Technology $14,970.00 Touro College $13,700.00 Monroe College $11,400.00 *Exclusive of Fees SOURCES: Integrated Postsecondary Education Data System The State University of New York (SUNY) $4,970.00 (IPEDS) of the U.S. Department of Education and individual college websites.

5 The CUNY Value Keeping Tuition Affordable 1995-2010

Affordability has always been a hallmark of CUNY. During the past 15 years, tuition has increased just three times with long periods of stable tuition costs in between.

CUNY Senior Colleges

$5000 $4500 $4000 $3500 $3000 $2500 $2000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

CUNY Community Colleges $5000 $4500 $4000 $3500 $3000 $2500 $2000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

6 The CUNY Value Minimizing Student Indebtedness

CUNY Value means fewer students borrow to finance their education. Those who borrow owe less on average at graduation than their peers at public and private colleges and universities in New York.

Class of 2009: Graduates with Loans CUNY SUNY Privates 100% 80% 81% 86% 76% 69% 71% 72% 60% 63% 63% 66% 68% 58% 58% 59% 62% 52% 53% 53% 40% 46% 49% 41% 30% 32% 20% 24% 29% 17% 0% NY State Average Class of 2009: Graduates’ Indebtedness ’09 CUNY SUNY Privates $35,000 $35,993 $33,487 $34,115 $30,000 $31,300 $28,307 $25,000 $25,739 $26,095 $26,131 $26,275 $24,213 $25,101 $20,000 $21,000 $21,010 $21,549 $22,092 $14,265 $15,100 $19,202 $15,000 $14,000 $16,823 $17,104 $11,100 $14,560 $10,000 $7,500 $5,079 $5,000 NY State Average ’09

Source: Project on Student Debt 2009

7 The CUNY Value Economic Growth and The CUNY Capital Construction Program

Billions of dollars in economic activity for new construction , facilities renovation and critical maintenance are generated under The City University of New York’s capital program. Communities and campuses benefit. In the past decade, the University’s capital construction program has completed more than $2 billion in projects at individual campuses; launched another $2 billion in new construction and renovations, and created plans for $2.1 billion in new building projects.

Current Construction • Hunter College’s School of Social Work is relocating to a new $141-million • CUNY spent $560 million on capital projects in fiscal 2009-10, up about $100 building in East Harlem, providing an opportunity for the school to "live its million from the previous year. mission" in one of New York’s diverse communities. • From state-of-the art facilities to large-scale renovations, current projects will • A public-private partnership with Citigroup will allow CUNY Law School in 2012 provide about 1.9 million square feet of space. to move to 2 Court Square in Long Island City, Queens, an environmentally • Projects now in the pipeline will generate an estimated 14,000 jobs over the green building, accessible by subway, bus and Long Island Rail Road and lifetime of these initiatives. minutes from midtown. The Sciences Green Design and Maintenance • About half of CUNY’s new buildings are dedicated to science, highlighting the • All new facilities incorporate environmentally sustainable features, with many Chancellor’s Decade of Sciences initiative. expected to receive LEED certification from the U.S. Green Building Council. • Among the projects: a $744 million science campus at The City College of New • The Critical Maintenance Program — created to assure that CUNY campuses York that supports cutting-edge interdisciplinary research; and a $77-million meet health, safety, security and code standards — also has produced more facility at Lehman College that will showcase the college’s teaching and than $340 million in capital projects. research in plant sciences. Future Initiatives Bold New Spaces • Major construction at CUNY will continue through the next five years, including • New facilities will transform education at CUNY, with computerized classrooms, $420 million in fiscal year 2011. New projects include a $200-million high- instructional labs, high-tech libraries and modern spaces for student activities. performance computer center at the College of Staten Island; a $406-million • Major buildings include: the $587-million multi-use facility at John Jay College of mixed-use facility at the New York City College of Technology; and a $377- Criminal Justice; the $235-million academic building at Medgar Evers College; and million interdisciplinary science building at Brooklyn College. the $325-million Fiterman Hall at the Borough of Manhattan Community College.

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