Penn College passes 2024-25 budget with no tuition increase

Published 06.27.2024

News
Announcements
Tuition and Fees
Students
Admissions
Pennsylvania College of Technology’s Board of Directors approved a 2024-25 budget calling for no increase in tuition or educational fees.

Students at Pennsylvania College of Technology will see no increase in their tuition or educational fees for 2024-25.

Penn College’s Board of Directors today approved a 2024-25 operating budget of $127 million that holds the line on tuition costs for students.

The total budget is $189.5 million, a 2.83% increase over 2023-24. The total budget includes revenue-generating auxiliary fund budgets (Workforce Development, Residence Life, Dining Services, Dunham Children’s Learning Center, The College Store), as well as the restricted current fund budget (grants, contracts and restricted donations for which outside entities – such as governmental agencies – direct the use of funds).

In 2024-25, tuition and fees combined will be $18,240 annually for a typical Pennsylvania resident student enrolled for two 15-credit semesters, the same as 2023-24.

Combined tuition and fees for non-Pennsylvania residents will total $25,980 annually for students taking the same credit load over two semesters. That total cost is also the same as 2023-24.

Penn College’s state appropriation is budgeted at $31.5 million, based on Gov. Josh Shapiro’s proposed 2024-25 state budget, which calls for the college to receive a 5% increase. The projected appropriation accounts for 16.6% of the total budget and 24.8% of the operating budget. The deadline for the state to pass its 2024-25 budget is June 30.

President Michael J. Reed said the economic impact on students and their families is always at the forefront of senior administration’s annual budget deliberations.

– more –
“We need to do all that we can to lessen the financial burden on our students and families, and I commend our leaders for holding tuition flat for another year,” Reed said. “While it costs substantially more to deliver innovative, hands-on education in high-demand career fields in comparison to traditional models, our approach is highly effective, as evidenced by a 97.7% overall graduate placement rate, significant enrollment growth, and exceptional return on investment when compared with other colleges and universities. Industry needs more highly skilled graduates, and we need to do all that we can to ensure that access.”

Total student enrollment for Fall 2024 is projected to increase by approximately 150 students over Fall 2023’s enrollment of 4,307.

To keep pace with inflation, Residence Life’s student housing rates and Dining Services’ meal plan rates will increase by 2% in 2024-25.

Included in the 2024-25 budget are voluntary gifts of $100,000 to the City of Williamsport and $35,000 to the Williamsport Area School District. Each of these gifts are re-evaluated annually.

Penn College, a special mission affiliate of Penn State, offers a diverse array of academic majors and flexible academic pathways.

In addition to its renowned credit programming, the college offers workforce training and education in apprenticeship, clean energy, health care, advanced manufacturing (including plastics and polymers), computer skills, transportation and business/leadership.

For more about Penn College, a national leader in applied technology education, email the Admissions Office or call toll-free 800-367-9222.