Tuition decrease to take effect July 1 next year
The Board of Trustees of the Vermont State Colleges System at this week’s board meeting unanimously approved a base tuition for Vermonters enrolling at Vermont State University of $9,999 per year in undergraduate programs, commencing with the launch of the new university on July 1, 2023.
This reflects a 15% decrease from the current average in-state tuition1 at the unifying institutions – Castleton University, Northern Vermont University, and Vermont Technical College. After holding tuition rates flat for two years to address the key strategic priority of student affordability, the Board said in a statement that it “is pleased” to announce an in-state tuition rate that drastically lowers a barrier to access for many Vermonters and increases the attractiveness of pursuing higher education in Vermont for out-of-state students.
The base tuition rate for out-of-state students was also lowered and will start at $19,998. Approximately 70% of students attending the future Vermont State University are Vermonters, and 30% are out-of-state students.
Currently enrolled students matriculating into Vermont State University from the unifying colleges will see adjustments to their financial aid to reflect the change in tuition, resulting in a net cost of attendance for tuition and program fee that is equal to, or less than, Academic Year 2022-2023.
Tuition for Vermont State students has been held steady at the 2019-2020 rate for the last two years. The reset of tuition continues this trend.