Budget Facts and Figures
The Rutgers Budget
As New Jersey’s premier state university, Rutgers derives its revenue from a mix of private and public sources. Like other public universities, Rutgers relies on government funding as a vital component of its annual budget. Along with tuition and fees, direct state appropriations and state-paid fringe benefits are the primary means of support for the university’s educational offerings.
Additional university revenue is derived from grants and contracts (both public and private), auxiliary enterprises (such as student housing and dining), contributions from donors, and endowment and investment income. External research funding, which alone brings hundreds of millions of dollars to the university each year, supplies critical support for Rutgers’ most promising scientific endeavours.
Under the New Jersey Medical and Health Sciences Education Restructuring Act, New Brunswick and Newark-based units of the former University of Medicine and Dentistry of New Jersey were merged into Rutgers effective July 1, 2013. Tuition, state appropriations, research funding, and other revenues (such as those related to patient services) associated with these units have helped raise Rutgers’ total budget from $2.2 billion in 2012–13 to $3.6 billion in 2013–14.
While direct state appropriations and fringe benefit payments currently constitute just 21 percent of Rutgers’ $3.6 billion annual budget, state support remains essential to the university’s core educational mission, as many other sources of funding are restricted for use in research, auxiliary, and varied activities outside the classroom.