Michigan State University Will Freeze School Tuition For Next School Year!
Michigan State University will freeze tuition for the coming year, President Samuel Stanley announced Friday afternoon, due to the COVID-19 pandemic.
“In the coming months many families will be facing difficult financial decisions as a result of the pandemic. In freezing tuition rates for the upcoming academic year, we are doing what we can to ensure students can stay in our Spartan family,” Stanley said in a statement announcing the decision. “The core of a land-grant university’s mission is to provide access to quality, affordable education for all — no matter the challenge or circumstance.”
This will keep tuition rates at the 2018-19 rate and is the second year in a row for a freeze. The school is operating on a two-year budget approved back in June 2018.
The school is already taking action to counter losses in revenue, including cutting travel, modifying construction projects and reviewing hiring plans. Also, all executives are getting a 2% to 7% temporary pay cut based on salary levels, anticipated to last through June, but possibly for a full year. Stanley is voluntarily taking a 10% pay reduction, effective immediately.
*MSU becomes the second university in the state to issue a tuition freeze — on Thursday, Central Michigan University froze tuition for the upcoming school year.
