Crowder College students will be paying a little more for their studies next academic year, as the board of trustees approved raising tuition rates.
Last month, Jim Cummins, vice president of finance, proposed a 1.3 percent increase, or $1 per credit hour, for in-district students. This would raise the cost per credit hour from $77 to $78.
Meanwhile, out-of-state tuition would increase $2 per credit hour to $107, and international tuition rates would go up $3 a credit hour to $137.
Student fees would not be affected.
The board also agreed to increase room and board rates, from $766 per semester to $1,100 for a two-person room, and to $900 from $566 for a three-person room. Meal plans are included in the room rates.
“When you look at the present budget, over what is projected next year, looks like with local taxes and our tuition, we’re probably going to see a 3 percent increase with those two things. It’s two-fold: one, we’re going to do better than expected this year, which will go into next year and then with minimal increase to tuition and property taxes you should see us with a little bit of an increase, which is good.”
During a preliminary budget discussion, Cummins said the college was in good shape with local revenues, split between tuition and an increase in the tax levy.
However, the unknown factor in next academic year’s funding is the impact the federal sequestration will have, particularly, it’s impact on state funding. Cummins told the board he has heard a range of figures, from a 4 percent increase in funding to a 2 percent decrease. He said the college would know more about their state funding for next year in mid-May.
“They’re trying to work on that formula that would add some equity between a two-year and a four-year [school],” Cummins said. “So the state number is a moving target.”
After the meeting, Cummins said he has heard different things about the governmental sequestration on a seemingly daily basis.
“The federal government, it went into effect and then they started finding programs that they felt they needed to save. When they save one program, it funnels through state, and then they make changes at the state level and they’re able to give back a bit.”
Cummins said college officials also plan to sit down and determine how the federal sequester will affect various grants.
The finance VP said the increase would allow the college to continue improving facilities, give a cost of living adjustment for Crowder faculty and staff, and let the college to take a look at adjunct instructor pay.
Adjuncts currently receive $500 per credit hour per semester for teaching classes. The college has about 450 adjuncts on staff.
Page 2 of 2 - More on the Crowder College board of trustees meeting will be in Friday’s Daily News.