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Tuition and Fees > About
2008-2009 tuition
University of Colorado Boulder
About 2008-2009 Tuition
This website provides general information about changes in tuition
rates and major features of 2008-2009 tuition and financial aid.
Tuition rates for all campuses of the University of Colorado were
approved at the end of April 2008 by Board of Regent action.
Detailed tables of tuition and required fees are at the
Bursar's
Office website.
We are committed to offering a quality education to all students. The
tuition we collect will be invested in these efforts. Besides
substantial increases in financial aid to maintain accessibility for
Colorado students, new revenues will be used to cover ongoing operating
costs and increases in those costs. Tuition revenues pay for
recruiting and retaining an outstanding faculty, library materials and
resources, academic advisors, writing and other courses, undergraduate
research opportunities, classrooms, buildings and campus infrastructure,
and more.
Colorado resident undergraduates
Tuition rates for Colorado resident (in-state) undergraduates
changed from 2007-08 with
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an increase in the full-time rate of 9.3% or
$504 per academic year
The above information reflects the student share of tuition. In addition
to the student share of tuition, the state of Colorado provides state tax dollar support for higher
education at the undergraduate level through the "College Opportunity Fund"
or "COF." COF is neither a loan nor financial aid. It is reflected as tuition
on the student's bill. The COF voucher amount is worth $92 per credit hour
initially in FY09.
To maintain accessibility, CU-Boulder has several financial
aid programs for resident undergraduates. These programs are for
Boulder campus degree-seeking and teacher licensure students.
They are based on credits taken on the main campus only; continuing
education hours are not included. All aid applicants who
demonstrate at least $200 of need are awarded an institutional grant to
ensure that the effective tuition increase from 2007-08 is no more than
5%.
Programs include the UCB Tuition
Grant and the CU Promise, part of CU's performance contract with the
Colorado Commission on Higher Education. The CU Promise covers
Colorado undergraduates from families
at or below the federal poverty line who enter CU-Boulder as new
freshmen or transfers from Colorado community colleges. For these
students, grants plus a work-study award will cover the cost
of tuition, required fees and estimated books. About 60 new
students are covered by the CU Promise each year.
For more information on financial aid, see
http://www.colorado.edu/prospective/counselors/finances/index.html.
More than 20% of revenues from increased tuition
rates (over inflation) will be used for need-based grants.
Colorado resident graduate and professional students
Resident graduate tuition rates increased 7.8% from 2007-08, with an
increase in college differentials for the MBA and Law. In
addition, Law introduced differential tuition rates for students in
their first, second and third years, and Business introduced
differential tuition rates for students in their first and second
years. See the section
By-college tuition differentials,
below.
Out of state undergraduates
Tuition rates for undergraduates not classified as Colorado residents
for tuition purposes have been covered by the non-resident undergraduate
tuition guarantee program since 2005-06. Rates for students entering summer 2008
through spring 2009 are 7.7% higher than those for students
entering the prior year.
Click here for details of the non-resident undergraduate tuition
guarantee. See also the section
By-college tuition differentials,
below.
The
Chancellor's Achievement Scholarship offers $15,000 over four
years to the top 25% of out-of-state admitted new freshmen. The
program, started in 2005-06, awards $5,000 per year during the
freshman and sophomore years and $2,500 per year during junior and
senior years.
Presidential Scholars are a select group drawn from
Chancellor's Achievement Scholars. Presidential Scholars receive
a $10,000 annual tuition reduction for four years, totaling $40,000.
The Presidential Scholar program began in 2006-07.
Out of state graduate and professional students
Tuition rates for graduate students not classified as Colorado
residents for tuition purposes increased 3.8% from 2007-08, with an
increase in the differential for
the MBA in business. See the section
By-college tuition differentials,
below.
By-college tuition differentials
The by-college tuition
differentials at CU-Boulder have been in place for many years. The
revenue from the differentials supports the cost of education in the
college -- faculty, student programs, and other expenses. The differentials reflect differences in the cost of education, the market
worth of the degree, and the popularity of the college.
On all three counts,
Law, Business, and Engineering top other colleges at CU-Boulder, and
their differentials are accordingly higher.
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The cost of
education is higher because faculty salaries in these fields are
higher at CU-Boulder and across the country because these faculty
often have viable employment opportunities outside academia at higher pay.
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The market worth of
the degree is higher, with higher starting salaries for graduates.
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The popularity is
higher, with more applicants per entering-class slot than in other
colleges.
The 2008-09 tuition rates reflect greater percentage
increases for first-year in-state MBA and Law students, and out-of-state
MBA students.
Note: In this text the term “college†refers to
both colleges (e.g., College of Engineering) and schools (e.g., Leeds
School of Business, Law School).
Changes in financial aid rules
Legislation passed in 2008 allowed students to borrow
more in unsubsidized Stafford Loans. . Undergraduate students were
able to borrow an additional $2,000 a year starting July 1, 2008. This
meant dependent undergraduate freshmen could now borrow up to $5,500 a
year in Stafford Loans (unsubsidized and subsidized), up from $3,500,
and a junior or senior could borrow $7,500, up from $5,500. Independent
undergraduates, who could already borrow an additional unsubsidized
Stafford amount of $4,000 or $5,000 depending on class year, could now
borrow $6,000 or $7,000 more. Source:
http://chronicle.com/article/In-Credit-Crunch-Students-and/48584.
Fees and housing
Individual fees are detailed at the
Bursar's
Office website. All fees follow the
Institutional Plan for Student Fees. Fees covered by this plan
include administrative, student activity, course-specific, program
(instructional), and academic facilities capital construction fees.
Mandatory student and administrative fees for full-time students
increased 11.4% or $139 per year from 2007-08, largely due to phasing in
of the capital construction fee.
A double room with full meal plan in campus residence halls increased
8.5% or $772 per year. For more information see
Housing and Dining Services.
Process
Tuition is set within the campus budget planning process and in
conjunction with external entities including the Colorado Department of
Higher Education (with its Colorado Commission on Higher
Education or CCHE). A
budget timetable
highlights this process. It also shows activities of the campus, the Joint Budget Committee (JBC) of the legislature, the legislature,
the governor, and the University of Colorado Board of Regents.
Note: The terms "resident" and "in-state" are used interchangeably
here, and mean "Colorado resident for tuition purposes."
"Non-resident" and "out-of-state" mean "not a Colorado resident for
tuition purposes."
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