This upcoming 2014-2015 academic school year, tuition throughout the Minnesota State Colleges and Universities (MnSCU) system, including MCTC, will remain frozen. This is the second year of a two-year promise by MnSCU to keep tuition unchanged for its more than 200,000 students.
“The benefits of freezing undergraduate tuition for the second year in a row continue to make MnSCU colleges and universities the lowest cost, highest value higher education option in the state of Minnesota,” MnSCU Chancellor Steven Rosenstone said.
Rosenstone expressed his gratitude for Governor Mark Dayton and the Minnesota Legislature for creating the $52.5 million in the budget to make the freeze possible. The budget last year had initially proposed a three percent tuition increase before the state funding. Due to the freeze, MnSCU expects tuition revenue to decrease.
According to a press release from MnSCU, student fees are expected to increase by less than 0.5 percent. As part of the freeze, faculty and staff have received a 2.6 percent compensation increase.
Dayton’s improved access to state grants and federal grants increasing will help students pay less out of pocket this school year.
“The combination of the tuition freeze and the changes to the state grant program will, on average, actually lower the cost of tuition for MnSCU students receiving a state grant in the 2014-15 academic year,” Rosenstone said.
Click here to see the current tuition rates at MCTC.Tags: tuition