Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

June 22-23, 2004 29233sessions, students were briefed on a range of tuition and mandatory fee increase options. It wascommunicated that the final amount of tuition and mandatory fee adjustments would bedependent on the level of the University’s FY 2004-2005 State funding.In fiscal year 2004, Cameron's resident, undergraduate tuition and mandatory feeswere 87% of the tuition and mandatory fee limits (based on "like-type” public institutions insurrounding and other states) as established by the State Regents. The proposed fiscal year 2005rates dropped to 85% of the 2005 limits established by the State Regents. In 2004, resident,graduate tuition and mandatory fees were 95% of the limit, however the proposed rates for fiscalyear 2005 are only 82% of the 2005 limits. In 2004, non-resident undergraduate tuition andmandatory fees were 81% of the established limits, and in 2005 will remain at 81%. In 2004,non-resident, graduate tuition and mandatory fees were 94% of the limit, but in 2005 will only be82% of the limits established by the State Regents.Cameron University is committed to keeping the cost of attending the Universityaffordable. To that goal, the University plans to spend $995,000 in resident tuition waivers, a 44percent increase over the amount spent in fiscal year 2004. To further assist students in meetingtheir financial needs, in fiscal year 2004, the Cameron University Foundation, Inc. increased by50 percent the amount of money available for an emergency loan program for students, provided$52,800 for a new scholarship program called President’s Partners Scholars, and providedadditional scholarship funds.Based on discussions with students, faculty and community leaders, CameronUniversity does not expect the proposed tuition increases to have a significant effect on theenrollment of new students or the continued enrollment of existing students.Cameron University’s administrative costs are currently under guidelines establishedby the Oklahoma State Regents for Higher Education. In fiscal year 2004, Cameron Universityjoined The University of Oklahoma to combine its natural gas contracts. Additionally, CameronUniversity has begun using The University of Oklahoma’s new contract for leasing reprographicequipment. In an effort to further reduce the need for additional revenues, most departments’non-salary operating budgets were held to fiscal year 2003-2004 levels.Once approved by the Board of Regents, the tuition requests will be forwarded to theOklahoma State Regents for Higher Education for approval, and will be effective Fall 2004.President Ross recommended the Board of Regents approve the following per credithour resident and non-resident tuition for fiscal year 2005.Resident Tuition Per Credit HourCurrent ProposedPercentageIncreaseUndergraduate $65.00 $70.00 7.69%Graduate $85.00 $91.00 7.06%Non-Resident Tuition Per Credit Hour(Including Resident Tuition)PercentageIncreaseCurrent ProposedUndergraduate $195.00 $212.00 8.72%Graduate $240.00 $260.00 8.33%