Package tuition breakdown

It’s not uncommon to hear someone on the Queens University campus talk about how much tuition costs. Students pay upwards of 40 thousand dollars yearly to attend Queens, and many students wonder where exactly that money goes. Like Hannah George, a junior at Queens:

“A lot of students have questions as to where their money is going and it makes them feel like what they are paying isn’t worth it.”

Chief Financial Officer, Matt Packey explains the cost of tuition further : “We are a small private liberal arts college. It’s pretty normal schools like Queens to be heavily tuition dependent. It’s not a bad thing, it’s not necessarily a good thing, it’s just the way it is.”

Tuition only accounts for roughly 46% of Queens’ operating revenue. The rest of the money comes from endowment, gifts and grants, and a number of other resources.

Once the revenue is collected the money could go towards any number of things. At the top of the list is salaries and benefits at 61% while the rest of the revenue goes towards facilities and maintenance, classroom and office expenses, auxiliary enterprises, professional development, information technology, insurance and fees, travel, and debt services.

Some students only have a small idea of where the money they are spending goes. “Obviously it goes to the professors and maintenance of the school which is important but at the same time I feel like not a lot of students feel like they’re getting their money back.”

A number of students have expressed an interest in knowing exactly what their tuition money has been spent on. Some believe it may bring more peace of mind to students.

“Maybe if they knew where it was going and they knew exactly what percent was going where, they wouldn’t question it as much and they would feel a little more comfortable paying the amount that they do.”

This is Kate Romeo for Queens News

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