Jobs and tuition
Some highlights of the NYSUNY 2020 plan
Student Hema Sudarsanam at Energy Innovation Day, which promoted alternative energy products and services.
Enrollment growth will generate 840 jobs over five years in Broome and Tioga counties:
455 in the community
385 at Binghamton University (150 faculty, 175 staff, 60 research professionals)
Of the 150 new faculty, 40 percent will focus on smart energy and 60 percent will teach and do research in other fields. The result will lower the student/faculty ratio to 19:1 from 21:1.
Rational tuition plan
The plan raises tuition by $300 per year over five years. It allows Binghamton, Buffalo, Stony Brook and Albany to add a $75 fee to offset the higher cost of education at research centers.
Tuition will increase up to 10 percent for out-of-state students annually for five years.
The plan is important because, in the past, tuition increases have been inconsistent in timing and size. This plan allows families to better budget college costs and the universities to maintain adequate funding for faculty and tuition assistance to those who need it.
Binghamton will commit 25 percent of the additional tuition — $12 million over five years — to ensure access to students with financial needs.