BUFFALO, NEW YORK – May 10, 2018 – Trocaire College’s Board of Trustees has unanimously approved the college’s budget for the upcoming 2018-2019 academic year. It includes a 2 percent tuition rate increase and will allow Trocaire to continue to focus on initiatives within its 2020 Strategic Plan.
The 2018-2019 budget comes in at approximately $19.2 million, with a projected enrollment of 1,300 students. One semester’s tuition for 2018-2019 will be $8,645, an increase of $170 per semester. There is also a $15-per-credit hour increase up to $715 for part-time students.
In addition, various institutional fees will also be increased to address current needs and specific requirements of academic programs. This important decision to adjust fees has been made to more effectively meet the ever-changing needs of students and their program requirements, and is the first time in many years that fees at the institution have increased. All increases will go into effect fall 2018.
Tuition and fee increases will help maintain the quality of Trocaire’s career-focused academic programs and sustain improved student engagement and support service initiatives that enhance the student experience. These increases were also influenced by the Western New York Higher Education market, the Consumer Price Index (CPI) and the Commonfund Higher Education Price Index (HEPI), an inflation index designed specifically to track the main cost drivers in higher education.
“Trocaire College’s Board of Trustees carefully and thoughtfully assesses all financial resources and strategic investments to be sure that tuition is priced fairly and competitively with other private colleges and universities,” said Vice President for Finance John Hudack. “Access to higher education and a career-focused future is important. For that reason, Trocaire College remains the most affordable private college in Western New York, upholding its Mercy mission to empower students toward personal enrichment, dignity, and self-worth through education in a variety of professions and in the liberal arts.”
This budget includes a realignment of staff salaries to accommodate growth to institutional curriculum offerings in the academic areas of technology, nursing, surgical technology and medical imaging. There is also an allocation to support approximately a quarter of a million dollars in new initiatives across the institution with a focus on student success. In addition, there will continue to be a focus on creating business efficiency and savings through a competitive request for professional services.
There is also an allocation for staff salary adjustments to meet cost of living expenses in line with the CPI and HEPI indices, as well as a continued commitment to providing comprehensive health care and retirement benefits to employees.
“Trocaire’s Mercy mission is more important than ever, offering students the ability to pursue compassionate, caring and competitive careers, so that they may build a stable future for themselves and their families. Trocaire is an an opportunity college, and all stakeholders including our staff, faculty and alumni take great pride in Trocaire’s position in the community and its commitment to making higher education and career-oriented, real-world training affordable and accessible,” said Trocaire President Dr. Bassam M. Deeb. “As we look towards our Strategic Plan 2020 goals, we will all continue to use strategy, innovation and efficiency to benefit students and our Western New York community.”
About Trocaire College
Founded in 1958 in the Buffalo, NY by the Sisters of Mercy, Trocaire College is a private, career-oriented Catholic college that strives to empower students toward personal enrichment, dignity and self-worth through education. A career-oriented institution, Trocaire offers three bachelor’s degrees, 12 associate degrees and eight certificate programs in healthcare, business, hospitality and technology. Recognizing the individual needs of a diverse student body, Trocaire College provides lifelong learning and development within a community-based environment, preparing students for service in the universal community. Visit www.trocaire.edu for more information and follow Trocaire on Facebook and Twitter.