LAWRENCE -- Students studying at Mercer County Community College will now be able to live on Rider University's campus under a new housing agreement signed this week by both schools.

The deal allows full-time MCCC students to live in Rider's residence halls at a reduced rate and have access to the university's libraries, dining halls, fitness centers and 150 student clubs and organizations.

MCCC President Jianping Wang, left, and Rider President Gregory Dell'Omo shake hands after signing the agreement (Courtesy of Peter Borg | Rider University)

"Rider University and Mercer County Community College have a long history in partnering for the common benefit of our students and this innovative idea is an exciting new component of how we can help create successful university graduates," Rider President Gregory Dell'Omo said. "We look forward to sharing Rider's vibrant campus life with Mercer students."

The average cost of housing and a 21-meal plan at Rider is $7,115 per semester, but MCCC students would receive a $2,000 discount.

MCCC spokesman Jim Gardner said the availability of on-campus housing would be especially helpful to international students. There are about 150 students with F1 student visas enrolled at the college every semester.

Officials at both schools say the agreement would also help make the transition easier for students interested in pursuing a bachelor's at Rider.

Students who transfer to Rider after graduating from MCCC with an associate's degree will be offered a 40-percent tuition discount in addition to the reduced room and board.

"This agreement is so important for those who could not otherwise take advantage of a college education," MCCC President Jianping Wang said. "Rider University is a shining example of a four-year institution with a dedication to serve. This could be a landmark arrangement others will follow."

The announcement comes at a time when Rider is looking for ways to increase enrollment and close a projected budget deficit of $13.1 million by 2019.

The schools also signed three guaranteed-transfer agreements for dance performance, graphic design and business administration and a reverse credit transfer agreement that allows students enrolled at Rider to complete the necessary credits toward an associate's degree from Mercer.

Cristina Rojas may be reached at crojas@njadvancemedia.com. Follow her on Twitter @CristinaRojasTT. Find NJ.com on Facebook.