Q&A with Board of Trustees Chairman Keith Masser: Affordable Education the Top Priority
Penn State alumnus and President of Sterman Masser Inc., Keith Masser was sworn in as the new chairman of the Penn State Board of Trustees on Jan. 18 after serving as vice chairman.
In his acceptance speech, Masser said his mission is to make Penn State tuition more affordable for students, both current and prospective.
He spoke with StateCollege.com about his new role as chairman, his top priorities for the board and what's to come in the new year.
Below is an excerpt of the full Q&A, which will run Thursday.
Q: What do you consider to be your No. 1 priority for the board as chairman?
Masser: As I said in my acceptance speech, my number one priority is to ensure Penn State education remains affordable and accessible. I realize hardships it places on families and students.
We basically have two sources of funding: state support and tuition. There's a third, with the endowment and scholarships. Our endowment is extremely important in maintaining a balance.
Just last week, the governor said he's proposing to keep our state support level, so it is coming, which should allow Penn State to keep our tuition increase at record lows.
Q: You're an alum and father to Penn State graduates, so, is this something important to you on a personal level?
Masser: It is. I was a first generation college student and Penn State was an institution that was accessible to me and I want to make sure students of the Commonwealth have the same benefit.