Sage Trustees Approve Tuition Freeze for Fifth Year in a Row
Troy and Albany, NY — The trustees of the Sage Colleges approved a 0% increase in undergraduate tuition during their recent winter board meeting. This marks the fifth year the board has held tuition flat.
“We understand how difficult it is for families to afford a college education,” Sage President Susan Scrimshaw said. “And while it’s has been a controversial decision among our board members to hold the line on tuition, we recognize that our first priority is our students. We are committed to keeping costs down for families and ensuring access to a quality education for all students.”
"The entire landscape of higher education is changing for a number of reasons including different demographics and meeting the demands of an ever-changing workforce in an uncertain economy,” explained President Scrimshaw. “These challenges require colleges to find and implement strategic solutions such as containing costs which we have done very well at Sage. Despite the challenges, the board recognizes the importance of balancing investments in quality while keeping Sage affordable.”
At the conclusion of the vote, Andréa Crisafulli Russo, a Sage trustee and graduate who is also a parent of a high school senior looking at colleges, noted “If any of the universities we are looking at had this record of price predictability we would be giving them strong consideration!”
Since the tuition freeze has been in place applications have increased by 1,627 between 2008 and 2013 and tuition revenue has increased by $7 million.
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