The University of Colorado Board of Regents, anticipating yet another cut in state-funding, is now contemplating two options for increasing tuition on the Boulder campus.
The two options formulated by the school administration were presented to the board today at its meeting in Denver. No vote is expected today on any tuition hike, however.
The first option on the table is a one-time increase that would boost the cost of tuition for part-time students by 1.7 percent per credit hour. A full-time student, defined as anyone taking 12 credit hours or more, would see a tuition increase of 8.6 percent beginning in the fall.
Other increases under this option: resident graduate students, 5 percent; non-resident grad students, 3 percent; non-resident undergrads, 3.5 percent.
The second option is a two-tiered approach, one for freshmen entering CU in coming years, and another for students currently enrolled. No percentage increase has been discussed so far this afternoon for either category of the second option. The meeting was still underway at 4 p.m.
Under the proposal, incoming freshman in the year 2013 would see a tuition increase their first year and then have tuition capped at that rate for their four-year attendance at the school. Incoming freshmen in 2014 and 2015 would pay different tuition rates than the 2013 freshmen, but also would have their tuition capped for four years.
Students currently attending CU would see their tuition bills rise in fall of 2013 and again in fall of 2014 and then be capped for the remaining two years.
With the second option, 25 percent of the increase would be earmarked for financial aid.
Board member James Geddes said Tuesday before the meeting that while he needs more time to ask questions regarding both plans, in either scenario his bottom line will be attempting to lessen the costs to students.
"These are still tough economic times for families, and they're under financial duress," Geddes said. "Very few of them have seen any improvement in their financial revenues, so what I'll be looking for is an option that will minimize the burden on our students."
Anthony Cotton: 303-954-1292 or firstname.lastname@example.org