SMCM Sets $97M Budget with 3% Tuition Hike - The Southern Maryland Chronicle
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SMCM Sets $97M Budget with 3% Tuition Hike - The Southern Maryland Chronicle
ST. MARY’S CITY, Md., June 13, 2025 — The St. Mary’s College of Maryland (SMCM) Board of Trustees approved a nearly $97 million operating budget for fiscal year 2026 today, projecting a small surplus. The budget includes a 3% tuition increase, the first since 2019, as the college navigates financial challenges facing higher education nationwide. President Tuajuanda C. Jordan, PhD, emphasized the budget’s role in maintaining stability. “This budg…
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