ByRutgers University on Monday approved increasing student tuition and fees by 6 percent each — after the state agreed to pay nearly $184 million for new faculty contracts to end a historic strike this spring.
The rising costs to students and families follows a large infusion of state aid approved by state lawmakers and Gov. Phil Murphy to help pay for new four-year faculty contracts. The state agreed to spend $184 million over that period, which includes retroactive payments for the 2023 fiscal year that just ended.
“We are committed to providing access to an excellent academic experience and this budget advances that pledge while meeting our financial responsibilities during a very challenging time,” William E. Best, chair of the Rutgers Board of Governors,