Tuition Hike Coming At Montclair State University: See What You'll Pay

MONTCLAIR, NJ — Tuition is going up at Montclair State University.

The university’s board of trustees recently set rates for the 2024-2025 academic year, approving a tuition and fee hike as well as an increase to financial aid.

What will an education at MSU cost now? According to figures from the university:

• IN-STATE STUDENTS – Tuition and mandatory fees will be $15,912 for in-state, full-time undergraduate students: an increase of $573 per semester.
• OUT OF STATE STUDENTS – Tuition and fees for out-of-state undergraduates at $26,022 per year: an increase of $948 per semester.
• MASTER’S DEGREE – Most master’s degree students will pay $858 per credit: an increase of $24 per semester.

“I regret that we have to raise tuition, but rising costs leave us no other choice,” Montclair State University President Jonathan Koppell said.

“We cannot balance our budget by compromising on quality or cutting back on services that our students need,” Koppell said. “What we will do is run this institution efficiently and deliver high value.”

Montclair has the fourth-lowest tuition and fees among public universities in New Jersey, administrators said. Meanwhile, student debt at MSU averages $22,000, which is “far lower” than the national average of $32,637. Read More: Student Debt Rising In NJ, But Montclair State Bucks Trend: Study

MSU said it will grant more than $40 million in institutional aid, the highest total in university history. Nearly 85 percent of students receive some form of financial assistance, and more than 30 percent will continue to see all of their tuition and fees covered. An additional 14 percent will pay less than $1,000 per year of their tuition and fees, and 24 percent will pay less than $10,000.

Just one-third of students – who are not eligible for income-based assistance – will pay the full cost, administrators said.

STATE TUITION BILL

Earlier this month, a trio of state lawmakers made a push for a new bill in the New Jersey Assembly, citing worries about the affordability and accessibility of higher education. If it becomes law, the legislation would cap tuition increases for undergraduates at public colleges and universities to 2 percent over the prior academic year.

• See Related: NJ Bill Would Limit College Tuition Hikes To 2 Percent

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