The SSC recommends that a "tuition stabilization model" be adopted.
The Problem
As a tuition-dependent school, the SSC recognizes that raising tuition is essential for our year-to-year operations, for providing student services, and most notably, for providing yearly faculty salary increases. We understand that providing faculty salary increases is essential to attracting new faculty talent and to retaining our own pool of talented faculty members. However, it is important to note that, especially in these trying economic times, in order to retain and attain the most talented students, yearly tuition increases must be kept to a minimum.
Given the foregoing, it is our recommendation that a tuition stabilization model be adopted for all full-time students. Each entering class's tuition may be increased, at what we hope would be a maximum of 5% annually. But to maintain retention, the tuition of currently matriculated students should increase at a lesser rate-annually at no more than 2%.
NYU Administration Response
The University leadership understands the desire of students for low tuition increases and tuition stabilization. Therefore NYU has substantially lowered the rate of increase in tuition in the past few years. Tuition stabilization, while an attractive concept, is not an attainable goal for NYU in the near term due to the loss of flexibility in meeting changing economic conditions. Such an approach also requires that the tuition increases for the Freshman year need to be disproportionately large.