University of Colorado Board of Regents on Thursday approved tuition and fee changes for students as well as a compensation increase for faculty and staff.
Regent Heidi Ganahl cast the lone dissenting vote against raising tuition and fees, saying since she was elected to the board, she has made an effort to reduce spending.
The vote to increase compensation for faculty and staff was unanimous. This increase will raise pay by 3% for classified staff as well as add 3% more funding to the pool departments can pull from to give merit-based raises to non-classified staff and faculty members. Colorado lawmakers are poised to approve an estimated 11.4% increase in funding for higher education, which when combined with tuition and fees, will add about $46 million to CU Boulder’s budget. Even with this increase, graduate students and incoming non-resident students will still see a 3% tuition and fees increase this fall, which will help cushion the university’s operating expense budget.
Tuition rates will also change from what was initially passed for incoming resident students in Boulder. Last year, the board approved a $500 combined tuition and fee rate increase for incoming resident students starting this fall. Even though incoming students will pay more than the class before them, theirfrom the expected $500 increase to $300 due to the construction fee elimination.
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