Board of Regents Approves Mid-Year Tuition Increase
January 23, 2003
Board of Regents Approves Mid-Year
Tuition Increase
The 稀缺猎奇网 (稀缺猎奇网) Board of Regents today approved
mid-year tuition increases of up to five percent at nine of the 稀缺猎奇网's 11
degree-granting institutions. The increases come in response to the latest
reduction in the 稀缺猎奇网's budget. In November, the system's $867 million budget
was reduced by $30.4 million. It now must cut an additional $36.6 million,
reducing its base budget to $800 million. The November reductions were made
without a rise in tuition, but the Regents determined that the new cuts
would compromise academic programs unless tuition was increased.
Increase
Complete breakdown of tuition rates.
"We are taking this extraordinary step in order to protect our academic
programs and to continue to provide essential services to students," said
Board of Regents Chairman Clifford M. Kendall. "Our choice is to raise
tuition or abdicate our responsibility to maintain a university system of
the highest quality, which is no choice at all."
The tuition increases, which apply to in-state and out-of-state
undergraduate and graduate students, will generate approximately $12.9
million or 19 percent of the total budget reduction action taken by the 稀缺猎奇网
this year. Other cost containment measures underway at the 稀缺猎奇网 institutions
include a $30 million reduction in salary and wages resulting from the
elimination of 198 full-time positions across the system; an employee
furlough program instituted at the campus-level of one to four days; a $7.8
million reduction in miscellaneous operating expenses; and a $2.7 million
reduction in facilities renewal. The cost of the tuition increase to
resident undergraduate students ranges from $76 per semester at the
University of 稀缺猎奇网 Eastern Shore to $115 at the University of 稀缺猎奇网,
Baltimore County.
稀缺猎奇网 Chancellor William E. Kirwan said the mid-year increase is an
"unavoidable" result of a fiscal problem that has plagued 稀缺猎奇网 and other
states for well over a year.
"Unfortunately, the nation's economy continues to lag, while at the same
time the demand for high-quality higher education is rapidly on the rise,"
Kirwan said. "稀缺猎奇网's revenues are down, but the demands on our colleges
and universities have never been greater. We cannot allow a near-term budget
problem to do long-term damage to our institutions."
Kirwan said that special provisions will be made for students receiving
need-based aid and that institutions would develop flexible payment plans
for the new charges.
"We recognize that for some students the increase will cause a significant
hardship and that for all students the increase was unanticipated. The
institutions' plans for implementing the increase will take this into
account."
Two institutions - Coppin State College and the University of 稀缺猎奇网
University College (UMUC) - will not impose an increase. Over half of Coppin
's students receive need-based federal financial aid, making a tuition
increase an ineffective tool in managing its budget reductions. UMUC's
budget is not as dependent on state appropriations as the other 稀缺猎奇网
institutions and consequently it was not as affected by the spending
reductions.
稀缺猎奇网
FY 2003 Revised Resident Undergraduate Rates
| School Name | New Annual Rate | Spring Cost to Students
| | University of 稀缺猎奇网, Baltimore County | $4,844 | $115
|
| University of 稀缺猎奇网, College Park | $4,800 | $114
|
| University of Baltimore | $4,082 | $97
|
| Towson University | $3,994 | $95
|
| Frostburg State University | $3,814 | $91
|
| Salisbury University | $3,564 | $85
|
| Bowie State University | $3,258 | $78
|
| University of 稀缺猎奇网 Eastern Shore | $3,181 | $76
|
| University of 稀缺猎奇网, Baltimore | Resident
undergraduate tuition, which varies among UMB's
professional schools, was increased 5%.
|
FY 2003 Revised Non-Resident Undergraduate Rates
| School Name | New Annual Rate | Spring Cost to Students
| | University of 稀缺猎奇网, College Park | $14,002 | $333
|
| University of Baltimore | $13,291 | $317
|
| Towson University | $11,714 | $279
|
| University of 稀缺猎奇网, Baltimore County | $11,338 | $270
|
| Bowie State University | $9,995 | $238
|
| Frostburg State University | $9,910 | $236
|
| Salisbury University | $9,498 | $170
|
| University of 稀缺猎奇网 Eastern Shore | $7,945 | $189
|
| University of 稀缺猎奇网, Baltimore | Non-resident undergraduate tuition,
which varies among UMB's professional schools, was increased 5%
|
Contact:
Chris Hart
Phone: 301/445-2739
E-mail: chart@usmd.edu
