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Campus Tuition Increase Info Session - Summary of BOT Recommendations

Get an overview of the tuition increase proposal for FY2004-05 and its impact on residents and non-residents. Learn about financial aid options available and the key points discussed by the Executive Branch of Student Government. Find out how you can voice your concerns at the upcoming meeting and contact relevant officials.

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Campus Tuition Increase Info Session - Summary of BOT Recommendations

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  1. Campus Based Tuition Info Session Executive Branch of Student Government Out of State Students Association January 14, 2004 Summary of Information Provided by the Office of the Provost

  2. BOT Tuition Rate Philosophy • Undergraduate tuition for North Carolina residents must remain affordable to ensure accessibility. We will retain our position in the lowest quartile of our national public peers for in-state tuition. • Out of State tuition will be value and market driven. We will increase out of state tuition over time to the 75th percentile of our national public peers.

  3. Tuition Increase Uses • Need-based Student Aid • Carolina Covenant • Merit/Talent Based Student Aid • Chancellor’s Scholars • Morehead, Robertson, Other Academic • Additional Merit-based scholarships • Athletic scholarships • Graduate Tuition Remissions • Salary Support for Teaching Assistants • Faculty Salaries • New Faculty Positions (Reduce Student Faculty Ratio) • Staff Salaries

  4. Cost SubsidyUndergraduate Education FY 2003-2004 Non Resident Resident $15,626 $15,626 ($15,920) ($ 4,072) ($ 294) $ 11,554 The State’s subsidy to resident students is $11,554. Non-resident students pay the full cost of education plus $294.

  5. In State Tuition & Fees Comparison

  6. Out of State Tuition & Fees Comparison

  7. Tuition Increase Scenarios

  8. Resident Tuition Increase(Includes all resident students) Non-Resident Tuition Increase(Excludes students paying professional degree tuition in excess of the campus-based tuition)

  9. Summary of Campus-Based Tuition Proposal for FY2004-05 • Resident tuition increase: $300 • Non-resident tuition increase: $1,500 • Permanent budget increase: $15,290,400 • Need-based aid: $6,116,160 • Merit/talent-based aid: $937,500 • Tuition remissions: $1,980,000 • Balance: $6,256,740

  10. Tuition & Fee Increase Recommendation FY 2004-05 Undergraduate & Graduate • Resident $300.00 • Non resident $1,500.00 • Fees $121.50

  11. Tuition Outlook for a Class of 2005 Nonresident Undergraduate -Tuition vs. Inflation- * Inflation Estimate Based on Data from the US Department of Labor

  12. Analysis • Rebekah Burford- Student Body Vice President • Dan Herman- President of GPSF • Joy Diggs- President of the Out of State Students Association

  13. What you can do? • Attend the BOT meeting next Wednesday January 21st at 4:00PM. Carolina Inn- Hill Ballroom Central • Send the BOT members a polite email with you concerns and comments. You can find their information on the University website: http://www.unc.edu/depts/trustees/member.html • Email Jim Phillips of the BOG at jphillips@brookspierce.com • Email the Chancellor at chancellor@unc.edu • Call the Financial Aid office and talk about the new grants and aid you’d need to stay enrolled (Vince Amoroso- vca@unc.edu)

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