MTA Fare Hikes: How it affects NYIT students

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The recent MTA fare hikes have affected millions of New Yorkers who rely on the public transportation system to get to and from their daily destinations. More specifically, NYIT students are feeling the effects of the increased fares. From students that dorm at both the Manhattan and Old Westbury campuses and use public transportation occasionally to the commuter students who regularly use public transportation, whether it is the bus, subway or LIRR, all NYIT students have little choice but to deal with the increased fares of the MTA.

According to the MTA website, the MTA’s proposed budget was passed for 2013, and in order to avoid a budget deficit, includes price hikes for the LIRR, where on average, most commuter train tickets will increase by 8.19% and 9.31%. The subway system fares are also up from $2.25 to $2.50, where a $1 fee will also be imposed with each new metro card you wish to purchase. The cost of bus transportation is also up, from $5.50 to $6.00, and MTA bridges and tunnel fares have also increased. The increase in fares will take effect March 1st and is estimated to generate over $330 million in cash flow by 2016. This will further insure the MTA’s four year financial plan, and its2013 budget.

What does this mean for students?  Increased stress on one’s wallet. NYIT students weigh in on the situation: “I use the subway and busses to basically get everywhere in the city,” says Eric Newman, a senior Communication Arts major, who attends the Manhattan NYIT campus. “With the increase in fares it’s going to make me second guess going places and doing things, because I need to have enough money to get to and from class, I have also noticed that with the increase in fares, there has not been an increase in service.”

“As a student who takes the bus back to the dorms at SUNY Old Westbury, it’s hard to take in the increase on fares,” says Sina Windmueller, a senior Finance major at the Old Westbury Campus. “It makes it harder for me to do things for myself, as well as doing certain things during my downtime because I now have less money to enjoy.” Students aren’t the only members of the NYIT community affected by the rate hike, Dr. Diamando Afxentiou, Associate Dean of the School of Management, talks about her frustrations and concerns with the fare hikes, “I teach Monday and Wednesday in Manhattan, and Tuesday and Thursday in Old Westbury, I travel a lot between the campuses and use public transportation to do that. The subway price hike has increased from $2.25 to $2.50, and the increase in fares has just led to more of a stress for not only me, but the students, as the expense of using the subway or busses are now another thing to worry about on top of their studies and personal life.”

Newsday weighs in on the situation by saying, “Like it or not, fare hikes in 2013, and projected in 2015, are probably justified if the MTA is to provide the services for millions of New Yorkers daily.” Students who ride public transportation will now have to budget for the increased fare hikes, and in some cases for those who use public transportation almost every day of the week, they will need to make changes in their spending due to the increased amount of money needed to ride public transportation. Here are some tips on saving money through the MTA’s increased fares:

  • Carpool: Find a friend to drive with and save money. If you do not drive, ask your classmates if they live near you, and if you can drive together to class.
  • If your destination is within a reasonable distance, try walking or riding a bicycle, with the change of the seasons to spring, it will only become nicer out. By doing this, it will not only save you money, but increase your overall health and well-being.
  • Mathematically, it is cheaper to purchase an unlimited ride metro card under the new fare increases, which is the equivalent to 48 rides now, compared to the old 50.
  • Plan accordingly, before leaving the house on your ventures, plan ahead if using public transportation and identify how many times you will need to use it, this will not only save you money, but help you allocate a budget for your daily expenses and the expenseof travel.

For more information on the MTA fare hikes, increases, and what it means to you, visit www.mta.info. For tips on budgeting, visithttp://www.citizensbank.com/student-loans/budgeting.aspx

 

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MTA Fare Hikes: How it affects NYIT students