WEST LAFAYETTE, Ind. \u2014 The state of Purdue University\u2019s metrics in the past 12 months broke records in almost all dimensions.<\/p>\n\n\n\n
In fiscal year 2024, Purdue research awards and philanthropic fundraising once again reached new milestones, shattering records set just last year, according to a summary report presented to university trustees Friday (Aug. 2) by Purdue President Mung Chiang.<\/p>\n\n\n\n
Purdue received $647 million in research awards from federal and industry sources during the fiscal year that ran from July 1, 2023, through June 30, 2024. That represents a 6% jump from the year-ago period and is more than double the university\u2019s funded research in FY 2013. At the same time, private contributions to Purdue rose nearly 4% to $621 million, another all-time high.<\/p>\n\n\n\n
Both new records mark the second consecutive year these two major components of the university\u2019s financial and research enterprise surpassed $600 million annually.<\/p>\n\n\n\n
\u201cThe impressive performance this past year is a testament to the persistent pursuit of excellence at scale by our faculty, staff, students and alumni, touching every aspect of this dynamic university full of momentum,\u201d Chiang said.<\/p>\n\n\n\n
During the year, Purdue also signed nine new master research agreements with industry, including one as part of the landmark announcement this spring by South Korea-based SK hynix to invest<\/a> close to $4 billion to build an advanced packaging fabrication and R&D facility for artificial intelligence semiconductor products in the Purdue Research Park. The development of a critical link in the U.S. chips supply chain marks a giant leap forward in the industry and the state. <\/p>\n\n\n\n Additionally, Purdue was chosen this past year to play a primary role in three national hubs \u2014 Heartland BioWorks,<\/a> Midwest Alliance for Clean Hydrogen<\/a> and Silicon Crossroads Microelectronics Commons<\/a> \u2014 focused on ensuring the U.S. remains globally competitive in areas critical to national security. Purdue also was selected to lead seven national research centers, including the renewal of three existing centers.<\/p>\n\n\n\n Chiang also reported that Purdue is projected to welcome its most selective class of undergraduate students for the upcoming 2024-25 academic year as part of the university\u2019s 10th straight year of record applicants.<\/p>\n\n\n\n This fall\u2019s projected class of undergraduate Boilermakers in West Lafayette was selected at a 49.8% admission rate from a record-setting pool of 78,522 applicants, with a post-summer-melt yield rate at a record of 30%, significantly higher than all historical data.<\/p>\n\n\n\n The number of graduate student applications also reached another record level. PhD candidate applications hit 11,677, a 23% surge year over year, with a 20% projected admittance rate. Master\u2019s student applications climbed 12% to 14,403, with 28.5% projected admissions.<\/p>\n\n\n\n Another positive trend for the pocketbooks of students and families: The number of Boilermakers graduating without any debt climbed 3 percentage points to 64% during this period, Chiang said.<\/p>\n\n\n\n With affordability and accessibility at the forefront of its mission and buoyed by nearly a decade of record enrollment totals, Purdue has kept tuition at $9,992 per year for Indiana residents and $28,794 for out-of-state students for 13 consecutive years since 2012-13.<\/p>\n\n\n\n Purdue\u2019s ongoing commitment to expanding its online offerings from West Lafayette also is drawing increased interest and activity:<\/p>\n\n\n\n Additionally, Chiang reported that the number of Purdue students graduating in four years improved slightly to 67%. The six-year graduation rate remained at 84%, vs. 74% in 2008.<\/p>\n\n\n\n The land-grant university\u2019s enhanced national and global profile also continues to play a major role in driving applications to record levels while accelerating research and industry engagement activities:<\/p>\n\n\n\n WEST LAFAYETTE, Ind. \u2014 The state of Purdue University\u2019s metrics in the past 12 months broke records in almost all dimensions. In fiscal year 2024, Purdue research awards and philanthropic fundraising once again reached new milestones, shattering records set just last<\/p>\n","protected":false},"author":25,"featured_media":8332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"department":[68],"source":[29],"purdue_today_topic":[79],"coauthors":[10],"class_list":["post-8443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","department-bot","source-purdue-news","purdue_today_topic-board-of-trustees"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/8443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/comments?post=8443"}],"version-history":[{"count":12,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/8443\/revisions"}],"predecessor-version":[{"id":12373,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/8443\/revisions\/12373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media\/8332"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media?parent=8443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/categories?post=8443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/tags?post=8443"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/department?post=8443"},{"taxonomy":"source","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/source?post=8443"},{"taxonomy":"purdue_today_topic","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/purdue_today_topic?post=8443"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/coauthors?post=8443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Welcoming most selective incoming class<\/strong><\/h2>\n\n\n\n
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Rising national, global profiles<\/strong><\/h2>\n\n\n\n
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