TUITION FACT SHEET
For CU Board of Regents Special Meeting
Tuition Increase for FY 08-09
聲 Based on the CU system's main revenue sources 聳 tuition, fees and state funding 聳 the university is recommending a 9.3 percent tuition increase for resident undergraduate students on the CU-麻豆影院 campus.
聲 The CU Board of Regents voted 7-2 today to approve the recommended tuition increases.
聲 Students who are classified as a Pell level I, II or III student (lower income students) will not pay more than 5 percent more for tuition next year. 麻豆影院 40 percent of CU-麻豆影院 students are in these categories.
聲 CU-麻豆影院's resident student tuition and fees rate is currently 89 percent of the average resident student tuition and fees charged by peer institutions.
聲 The state mandates that when tuition increases above the rate of inflation (2.2 percent for 08-09), 20 percent of the revenue earned from the increases above inflation must go to student financial aid.
聲 Student financial aid is the fastest growing component of the university's budget.
Dwindling State Funding
聲 State appropriations per student to CU in 2007-08 are only 85 percent of state appropriations per student five years ago.
聲 When state budget cuts began in FY 02-03, CU received $4 for every $5 the university raised from tuition. By comparison, CU currently receives $2 in state funding for every $5 of tuition revenue that it raises.
聲 CU's expenses have gone up faster than the state funding it receives.
Proposed Tuition Increase is Lower Than Figure Legislature Approved in Current Budget Bill
聲 The Colorado Legislature has approved legislation giving CU permission to raise tuition on the CU-麻豆影院 campus by up to 9.5 percent. But the increases being recommended to the Board of Regents are lower.
Total Student Enrollment
聲 29,000 at CU-麻豆影院