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Friday, June 12, 2015

Update on FY 2016 Compact Process

The outcome of the compact process for the College of Liberal Arts is still a work in progress at this time. I’d like to share a bit about Central’s budget decisions for CLA as well as how our overall financial picture looks.

The Central budget process is heavily influenced by state funding, and the Higher Education appropriation bill this session resulted in lower funding than the U had originally requested for holding tuition flat for both undergraduate and graduate students. As a result, the budget for FY 2016 across the University will rely on a 1.5% tuition increase for in-state undergraduates, a 7% increase for non-resident undergraduates, and a 2.5% increase for graduate and professional students.