The University of Colorado's Board of Regents voted to increase tuition and fees by 3.7 percent next year on the Boulder campus.
Incoming in-state undergraduates will pay an additional $448, totaling $12,524. The increase is based on 30 credit hours a year for students in the College of Arts and Sciences.
Tuition and fee costs will increase an average of $1,066, or 2.9 percent, for non-resident undergraduates; $243, or 1.9 percent, for resident graduates; $795, or 2.5 percent, for non-resident graduates; and $1,120, or 3 percent, for international undergraduates.
Tuition for returning undergraduates will not increase because of the tuition guarantee that locks in costs for returning students for four years. In fact, they'll see a small decrease in overall cost because the school is eliminating course and program fees in the fall — a collective $8.4 million for undergraduate students, CU spokesman Ken McConnellogue said. Each undergraduate will save an average of $34 and each graduate will save an average of $91 in overall fees next year, according to data provided by the university.
"Nobody is ever happy about tuition increases, but we are happy that they're kept to a minimum," McConnellogue said.
In total, tuition revenue will increase from $659.6 million to $710.2 million, he said.
About $11.2 million of the additional revenue will fund new faculty members and support staff to accommodate growth, CU spokesman Ryan Huff said. Another $5.8 million will fund increases to graduate student teaching faculty stipends, frontline service worker compensation and other compensation initiatives. Also, $3 million will fund academic support services, including a veteran services program coordinator.
The Board of Regents is expected to finalize the proposed Boulder campus budget in June.
A CU news release noted that student government fees will be reduced $12 per semester next year but would have been reduced $30 per semester if Chancellor Phil DiStefano had continued with his budget proposal. He halted the plan to move the majority of the funds managed by the CU Student Government over to the office of Vice Chancellor of Student Affairs Christina Gonzales amid student outcry last week.
Student government leaders met with DiStefano on Monday and said they discussed convening a working group to discuss the CUSG budget decision.
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