For local high school students considering the College of Charleston, I have a New Year’s present. At its November meeting, the College of Charleston Board of Trustees voted to decrease in-state undergraduate tuition for the spring of 2011.
“The Board of Trustees understands the concerns that have been expressed by our legislators and the difficult choices that have to be made in our current economy,” said Board of Trustees Chair Greg Padgett.
In June 2010, the Board voted to increase tuition by 14.75 percent for the 2010-11 academic year. The mid-year adjustment will bring the increase down to 7 percent and will result in an overall budget reduction of $2.3 million for the year.
Despite the budget cut, the College promises to keep in place the pool of financial aid created by the original tuition rate which provided for a 25 percent increase in money available to support the growing financial needs of students. Some “strategic initiatives,” however, will be placed on hold for now.
While still unusual, mid-year tuition adjustments—usually in the other direction—are becoming the new reality at cash-strapped colleges and universities. The California State University Board of Trustees recently approved a very unpopular 5 percent tuition increase for the balance of the 2010-11 school year that went into effect January 1, 2011.
And this time last year, the College of William & Mary, the University of Mary Washington, Longwood University, and the Virginia community college system were all forced to increase tuition for second semester.
But news is good at the College of Charleston. Students will be returning from winter break with a little bit more cash in their pockets.
“The Board of Trustees understands the concerns that have been expressed by our legislators and the difficult choices that have to be made in our current economy,” said Board of Trustees Chair Greg Padgett.
In June 2010, the Board voted to increase tuition by 14.75 percent for the 2010-11 academic year. The mid-year adjustment will bring the increase down to 7 percent and will result in an overall budget reduction of $2.3 million for the year.
Despite the budget cut, the College promises to keep in place the pool of financial aid created by the original tuition rate which provided for a 25 percent increase in money available to support the growing financial needs of students. Some “strategic initiatives,” however, will be placed on hold for now.
While still unusual, mid-year tuition adjustments—usually in the other direction—are becoming the new reality at cash-strapped colleges and universities. The California State University Board of Trustees recently approved a very unpopular 5 percent tuition increase for the balance of the 2010-11 school year that went into effect January 1, 2011.
And this time last year, the College of William & Mary, the University of Mary Washington, Longwood University, and the Virginia community college system were all forced to increase tuition for second semester.
But news is good at the College of Charleston. Students will be returning from winter break with a little bit more cash in their pockets.
Image provided by the South Carolina Dept. of Archives & History
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