St. Mary’s College of Maryland Board of Trustees Approves FY26 Budget Gretchen Phillips June 12, 2025 - 12:29 pm
June 12, 2025
The St. Mary’s College of Maryland (SMCM) Board of Trustees met today and approved the College’s fiscal year 2026 operating budget of nearly $97 million. The budget results in a small projected surplus, and includes a modest tuition increase of 3%—the first such increase at the College since 2019.
“This budget keeps the College on sound financial footing in the face of unprecedented challenges to higher education in America,” said President Tuajuanda C. Jordan, PhD. “With nearly every aspect of higher education under attack—from accreditation to financial aid and access, to research funding and more—the College enters the coming year prepared to meet these challenges head on.”
“The College's leadership rose to the challenge of improving operating efficiency that allowed us to maintain flat tuition the past six years,” said John J. Bell, SMCM Class of 1995, chair of the Board of Trustees. “This modest 3% increase still places our tuition at a point, adjusted for inflation, that is 17% lower than it was before President Jordan arrived in 2014. Together, we have worked to make a St. Mary’s College education more accessible and affordable to Marylanders.”
More details are available in the meeting documents found on the College website.
June 12, 2025
The St. Mary’s College of Maryland (SMCM) Board of Trustees met today and approved the College’s fiscal year 2026 operating budget of nearly $97 million. The budget results in a small projected surplus, and includes a modest tuition increase of 3%—the first such increase at the College since 2019.
“This budget keeps the College on sound financial footing in the face of unprecedented challenges to higher education in America,” said President Tuajuanda C. Jordan, PhD. “With nearly every aspect of higher education under attack—from accreditation to financial aid and access, to research funding and more—the College enters the coming year prepared to meet these challenges head on.”
“The College's leadership rose to the challenge of improving operating efficiency that allowed us to maintain flat tuition the past six years,” said John J. Bell, SMCM Class of 1995, chair of the Board of Trustees. “This modest 3% increase still places our tuition at a point, adjusted for inflation, that is 17% lower than it was before President Jordan arrived in 2014. Together, we have worked to make a St. Mary’s College education more accessible and affordable to Marylanders.”
More details are available in the meeting documents found on the College website.