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Market Rate Tuition

Market Rate Tuition. BOARD OF TRUSTEES 25 March 2011. Tuition Increase Authority. General Slide Title Here. Text here. §1009.24(4)(c) FS provides BOT the authority to increase graduate tuition up to 15% per year. Been in existence for three to four years. Market Tuition Background.

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Market Rate Tuition

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  1. Market Rate Tuition BOARD OF TRUSTEES 25 March 2011

  2. Tuition Increase Authority General Slide Title Here Text here • §1009.24(4)(c) FS provides BOT the authority to increase graduate tuition up to 15% per year. • Been in existence for three to four years

  3. Market Tuition Background General Slide Title Here Text here • Limitation on authority to spend from Student Fee Trust Fund • UF had reached that authority; as a go-around, moved programs off the books • Set excessively high “tuition” for off the books programs, e.g., MBA - $28,000 to $48,000 and generated approximately $12.5 million in 2008-09 • Other large SUS institutions followed suit • Auditor General citation in January of 2010

  4. Market Tuition - FS General Slide Title Here Text here • §1009.24(15)(a)(3) FS gives the BOG the authority to charge market rate tuition for graduate level online courses or graduate level courses offered through Continuing Education

  5. Market Tuition - BOG General Slide Title Here • BOG Regulation 7.001(15) provides that BOTs can submit a proposal to the BOG for market rate tuition for online graduate courses or graduate courses offered through Continuing Education • Tuition increases limited to 15% per year and subject to a number of restrictions • Courses must constitute approved degree program or college credit certificate program • Proposals considered by BOG at November meeting Text here

  6. Market Tuition Required Documentation General Slide Title Here Text here • Program must have been approved and have established one or more separate market tuition rate student cohorts that can be tracked • Program cannot lead to initial licensing or certification for occupational areas identified as state critical workforce need • Program admission and graduation requirements must be the same as similar programs

  7. Market Tuition Pilot Requirement General Slide Title Here Text here • University must operate programs for pilot period to collect sufficient information to assess the merit and success of market rate tuition courses • During pilot period, no more than five graduate level or certificate program proposals per year • BOG reporting requirement after three years

  8. Market Tuition Other Requirements General Slide Title Here Text here • Preference given for Florida residents • Specific BOG reporting requirements • Non-fundable credit hours • Market rate tuition must cover all costs • Market rate programs and associated courses may not supplant existing university offerings funded by state appropriations

  9. Does it Make Sense General Slide Title Here Text here • Not for UWF • BOT already has the authority to increase graduate tuition up to 15% outside of the market rate provisions • The four schools which participated in market rate tuition had been increasing tuition and/or offering the courses off the books for three to four years already

  10. Questions General Slide Title Here ? Text here

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