YSU’s new bulk rate tuition could save students thousands of dollars

YSU block Y officialAn estimated 1,000 Youngstown State University students could save a combined $500,000 in tuition under a new tuition plan that will become effective in the Spring semester in January.

Under the previous tuition plan, undergraduate students could register for 12 to 16 credit hours per semester and pay the one “bulk” tuition rate. The tuition rate is currently $4,044 per semester.

Under the new plan, YSU is expanding the “bulk” rate to 12 to 18 credits starting with Spring semester 2016, which begins in January. That means undergraduate students can take two additional credit hours and still pay the $4,044 per semester rate, essentially getting the two additional credit hours at no charge.

“Increasing the bulk rate is part of an ongoing effort to reduce costs for students,” said Neal McNally, vice president for Finance and Business Operations. “YSU is already one of the most affordable universities in the region, and this new rate plan will lower those costs even more.”

McNally noted that the change in the bulk rate is also consistent with the recently published recommendations from the Governor’s Task Force on Efficiency and Affordability in Higher Education.

This Fall semester, 990 undergraduate students are taking in excess of 16 credit hours included in the “bulk” rate. Those students pay $337 for every credit hour in excess of 16. Under the new plan, those students will not have to pay the additional charge for credits 17 and 18, a savings of $674 per student. Overall, the university projects students will save a combined $500,000 in the Spring semester.

The new “bulk” rate is just one of a handful of initiatives by YSU to lower the cost for students to earn a degree. The university also recently reduced the number of credit hours required to earn a bachelor’s degree, started a new program called Penguin Jump Start for freshmen to get a head start on earning credits, and expanded the College Credit Plus program, which allows students to earn college credit while in high school.

In addition, YSU’s tuition is already the lowest among the Ohio’s 11 largest public universities and $1,620 below the statewide average.