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Board of Trustees recommends
tuition increase for 2005-06
The NC State Board of Trustees has voted to approve a $300 tuition increase for all students in 2005-06 followed by an additional increase of $300 the next year. Student fees would also increase by $63 next year. The vote was taken at the board’s regular quarterly meeting on Friday, Nov. 19.
The campus-initiated tuition increase is dependent on a vote by the UNC System’s Board of Governors, which sets tuition for all 16 campuses in the University of North Carolina system.
The increase would bring in an estimated $7.5 million. The money would be primarily earmarked for financial aid, graduate student support and academic excellence.
About 46 percent of the money generated by this year’s tuition increase of $250 was spent on financial aid for undergraduates; 12 percent went to stipends for graduate students. About 28 percent was used to increase the number of class sections available in various subjects. Roughly 14 percent was spent on faculty salaries.
The increase resulted from a study of tuition initiated two years ago. A study committee consisting of students, faculty and staff found, among other items, that the reduced number of sections available for courses and in some cases the canceling of courses was a primary impact of budget reductions.
In other business, the board voted to begin the process of building a new chancellor’s residence after hearing that the current residence on Hillsborough needed major renovations. A committee appointed last spring to study the condition of the building reported that minor work and stopgap measures are no longer adequate to maintain the condition of the house.
For example, the home’s major systems – electrical, plumbing, and heating and air conditioning – all are in need of replacement. Additionally, the house will not accommodate all the types of events the chancellor is expected to hold on behalf of the university.
The construction cost of building a new home was estimated at $3 million. That does not include furniture, furnishings and other project-related costs. The cost of a major renovation was estimated to be between $2 and $3 million. Private contributions raised for the new home would fund the construction. The proposed site is on Centennial Campus on the south side of Lake Raleigh, adjacent to the Park Alumni Center. The project is estimated to take two to three years to complete.
Posted December 3, 2004
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