TUITION FACT SHEET
For CU Board of Regents Special Meeting
Tuition Increase for FY 08-09
Based on the CU system's main revenue sources tuition, fees and state funding the university is recommending a 9.3 percent tuition increase for resident undergraduate students on the CU-Boulder campus.
The CU Board of Regents voted 7-2 today to approve the recommended tuition increases.
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. About 40 percent of CU-Boulder students are in these categories.
CU-Boulder's resident student tuition and fees rate is currently 89 percent of the average resident student tuition and fees charged by peer institutions.
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.
Student financial aid is the fastest growing component of the university's budget.
Dwindling State Funding
State appropriations per student to CU in 2007-08 are only 85 percent of state appropriations per student five years ago.
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.
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
The Colorado Legislature has approved legislation giving CU permission to raise tuition on the CU-Boulder campus by up to 9.5 percent. But the increases being recommended to the Board of Regents are lower.
Total Student Enrollment
29,000 at CU-Boulder