Search
Close this search box.

Get our email updates

Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Advertisement
Advertisement

MVCC freezes tuition as part of 2020-21 budget

UTICA, N.Y. — The newly approved budget for Mohawk Valley Community College (MVCC) includes a freeze on tuition and student fees and no layoffs.

The 2019-20 tuition cost for full-time students who are New York residents, U.S. active military members and dependents is $2,297 per semester. The cost for out-of-state and international residents is $3,446 per semester, according to the MVCC website.

The MVCC board of trustees approved the budget for the 2020-2021 fiscal year, which begins Sept. 1.

(Sponsored)

“In light of projected enrollment declines,” the more than $50 million budget includes a reduction in state aid due to the COVID-19 pandemic. The spending plan is also nearly 2 percent smaller than the current budget, with no aid increase from Oneida County, the community college said in a release.

MVCC closed the gap through a combination of reductions in department operating budgets, programming, and not filling job vacancies. The school also was able to “identify and allocate” one-time funds from the MVCC Foundation, Auxiliary Services Corp., and its budget fund balance to further close the gap.

MVCC received its CARES Act grant funding allocation of $2.1 million and plans to later apply it to the fund balance, “if permitted to do so,” in anticipation of an additional 20 percent to 50 percent mid-year cut to the college’s base state aid, the school said.

Post
Share
Tweet
Print
Email

Get our email updates

Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Essential business news, thoughtful analysis and valuable insights for Central New York business leaders.

Copyright © 2023 Central New York Business Journal. All Rights Reserved.