University of Pittsburgh Approves $2.7 Billion Budget for 2022/23, Students to Pay More for Tuition

United States North America Higher Education News by Erudera News Jul 15, 2022

Cathedral of Learning at University of Pittsburgh

University of Pittsburgh Board of Trustees has approved the university’s operating and capital budgets for the 2022/23 academic year, which includes an increase in tuition, the Office of the Chancellor has announced.

Trustees voted for a 5.8 percent increase in the operating budget, from $2.6 billion to $2.7 billion, while the capital budget is set at $667 million, reports.

The budget also includes an increase in tuition and faculty and staff compensation. Tuition at the University of Pittsburgh will increase by 3.5 percent next year for most in-state undergraduate and graduate students, which on average means $335 more per term.

Out-of-state students will see their tuition rise by 5.5 percent, whereas regional campus tuition is expected to increase by 2 percent for both in-state and out-of-state students.

As per faculty and staff compensation, the university said that the total funds set aside for annual pay raises and retention of employees is 4.25 percent of the budget.

Two workforce compensation pools that the university has approved are:

  • 3.25 percent increase for all eligible employees who were successful during the last year.
  • 1 percent increase to make the required retention-related salary adjustments.

“Salary increases will be included in Sept. 30 (if paid monthly) or Sept. 9 (if paid biweekly) pay but will retroactively take effect as of July 1, 2022,” the university noted.

In a message addressed to University of Pittsburgh community members, Chancellor Patrick Gallagher thanked the University Planning and Budgeting Committee for its efforts to finalize the budget, adding that the decisions were made after many discussions and calculations.

“As always, these decisions are the product of many difficult calculations and conversations—and occur within a continuous effort to reduce costs, promote sustainability, prioritize health and safety and advance academic and research excellence,” Gallagher said.

University’s projected research base has been set at $1.0 billion, a figure that Gallagher says makes the University of Pittsburgh a leading research university.

This is the first time in the University’s long history that our projected research budget exceeds this billion-dollar threshold,” Chancellor Gallagher added.

There will also be changes in student housing, with on-campus accommodation to increase by 4.6 percent to 4.9 percent on the main Pittsburgh campus and 5 percent to 6 percent on regional campuses.

At the same time, dining costs will increase by about 4 percent on the Pittsburg campus and between 4.3 to 5 percent on regional campuses.

Several other US universities have announced that they are increasing the tuition and fee rates for the next academic year, including Rutgers University, which has decided to increase tuition and fees by 2.9 percent, and University of Michigan, where tuition for in-state students will increase by 3.4 percent.

>> Tuition at Radford University Increases for 2022/23

Differently, at least ten universities in Virginia have announced that they will be freezing tuition for in-state undergraduate students this fall after a request of Governor Glenn Youngkin.

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