Michael's Flyers

The CUNY Value tuition, federal and state financial aid for needy students , and The City University of New AFFORDABLE 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. The Compact • The Compact funding strategy envisions consistent, stable financing for the University through good and challenging economic times. It is based on a partnership with delineated responsibilities among philanthropists, students, alumni, the State/City and University. • Under the Compact, government funds mandatory costs such as energy and labor and at least 20 percent of new academic programs and student services; philanthropic contributions are encouraged; the University commits to cutting internal costs to free up education funds, and instead of the tuition spikes of the past, the Compact provides for modest, predictable increases. Financial Aid • Nearly 167,000 CUNY students received federal and state financial aid, including need-based federal Pell grants and New York State Tuition Assistance (TAP) awards, and loans, during 2009-10. • CUNY is tuition-free for its neediest students. Pell and TAP help insulate low-income students from tuition increases and other economic fluctuations, leveling the playing field for access to a college education. • Approximately $491.4 million in Pell and $224.4 million in TAP went to CUNY students in 2009-10; many students received both federal and state aid. All told, more than $1 billion in aid – including grants, scholarships, work-study and loans – were received by CUNY students from federal, state, city and institutional sources. AffordableTuition • CUNY’s 2009-10, in-state tuition was $4,600 per year at the senior colleges and $3,150 at the community colleges — less than the tuition fees at other public and private, four-year and two-year programs in the metropolitan area. • The Compact financing method helps keep CUNY affordable by providing for small, predictable tuition increases for which students can prepare – and which are eased in many cases by federal and state financial aid. • To preserve academic quality amid deep state and city budget cuts to public higher education, CUNY has proposed a modest, 5 percent across-the-board tuition increase for spring 2011. For 2011-12, a 2 percent increase is proposed in accordance with the CUNY Compact funding strategy, a partnership between government, philanthropists, CUNY and students to ensure stable finances. • Tens of thousands of low-income CUNY students receiving full TAP awards will have no additional tuition expense as a result of the proposed 2011-12 increases. Virtually all TAP recipients with family incomes of less than $50,000 will see no increase. This 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. The CUNY Value: Tuition and Affordability NEW YORK METROPOLITAN COLLEGES & UNIVERSITIES FALL 2010 ANNUAL TUITION* Sarah Lawrence College $42,600.00 Columbia University $41,160.00 New York University $40,082.00 Fordham University $37,545.00 Pratt Institute $35,410.00 New School, Eugene Lang College $32,350.00 Pace University $32,656.00 Hofstra University $30,750.00 Long Island University, Brooklyn Campus $27,368.00 St. John’s University $27,110.00 College of New Rochelle $27,110.00 Adelphi University $25,950.00 Marymount Manhattan College $22,420.00 St. Francis College $17,280.00 St. Joseph’s College, 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 The State University of New York (SUNY) $4,970.00 PUBLIC COLLEGES & UNIVERSITIES FALL 2010 ANNUAL TUITION* University of New Hampshire $13,672.00 University of Vermont $12,180.00 University of Texas, Dallas $10,744.00 Rutgers University $9,546.00 University of Texas, Austin $8,930.00 University of Virginia $7,496.00 University of Connecticut $7,632.00 Georgia College and State University $7,852.00 New Jersey City University $6,804.00 University of California, Berkeley $6,888.00 CUNY Senior College $4,600.00 CUNY Community College $3,150.00 *Exclusive of Fees SOURCES: Integrated Postsecondary Education Data System (IPEDS) of the U.S. Department of Education and individual college websites. The CUNY Value and the New York City Labor Market immensely to the New York City labor market , playing a CUN YCONTRIBUTES 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, producing graduates who remain in the city — to work in in-demand occupations, pay taxes on their higher incomes, and pursue additional education. Undergraduates • CUNY serves 56% of undergraduates enrolled in New York City colleges. • Graduates of New York City public high schools comprise 69% of first–time 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. • A nearly three-decade sampling, 1981-2008, found eight of 10 of bachelor’s recipients, and seven of 10 of associate recipients still living in NYC, while 85% remained in state. After Graduation • Within three years of graduating, 84% of CUNY’s baccalaureate graduates are employed; 44% are continuing their education, and 92% are employed or continuing their education. • Within six months of CUNY graduation, 76% of associate degree recipients are employed; 72% are continuing their education, and 94% are employed or continuing their education. In-Demand Occupations • CUNY awards about 4,500 baccalaureate and 800 master’s degrees in business and finance (excluding sales and marketing), and graduates about 2,000 students from accounting programs each year. • CUNY baccalaureate and master’s graduates account for more than one-third of business and finance graduates from NYC institutions. • Approximately one-third of NYC public school teachers are CUNY-educated. • About 40% of graduates of NYC teacher education programs are from CUNY. • CUNY’s nursing programs graduate 65% of the 1,400 associate degree-level RNs at NYC institutions; 80% are employed within six months of graduation. • CUNY produces about 500 health and science technicians annually, 400 computer specialists and more than 300 engineering technicians; 84% have jobs within six months..

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