A new joint reduction in tuition rates at UMPI and UMFK is going to save out of state and international students a whole lot of money; and as News Source 8’s Angela Christoforos reports, the change is not only expected to attract more students from different parts of the country and the world- it’s also expected to stimulate economic development here in Aroostook County…
Pursuing a higher education often comes at a HIGH price, and those rates are even higher for out-of-state students. But at the University of Maine at Presque Isle and Fort Kent, a change in tuition structure will decrease tuition rates for out-of-state and international students by 40%. It’s going to make pursuing education there more affordable; and both Universities are hopeful that it will in turn attract more of those students.
John Murphy, Vice President Administration and Finance at UMFK said, “In addition to diversifying the student body, what this does is stabilizes our revenue stream a little bit more, helps hold the cost down for higher education for our students as well as the tax payers in the state of Maine.”
A 40% reduction means out of state students and international students would see their tuition drop from $16,650 a year to $9,900 a year- a savings of over $6000!
UMFK International student Joshua Kurensky said, “The International students come from countries with exchange rates that aren’t really in our favor when we come to the United States so it does work in our favor.”
UMFK out-of-state student Jessany Munoz said, “I was kind of deciding whether or not I wanted to stay here my last semester for spring of 2015 but now I definitely know I will.”
According to the Aroostook Partnership for Progress, this out of state reduction in tuition also comes at a time when employment opportunities in Aroostook County are expected to increase over the next 5 years, and the 18-44-year-old work force is decreasing.
UMPI President Linda Schott said, “We’re trying to do our part to bring more people here who can then become the new employees for businesses in this area.”
The new out-of-state rate is expected to attract more students from across the country and the world, enrich the student body on both campuses, and serve as a catalyst for economic development in the County.
The new tuition structure for out of state and international students at both UMPI and UMFK will start with the Fall 2014 school semester.