Board Committee approves 2011-12 operating budget
The Executive Committee of the University of South Carolina’s Board of Trustees approved a 2011-12 operating budget Friday (June 17) aimed at providing students an outstanding educational experience while maintaining accessibility and keeping tuition as low as possible.
Tuition and required fees on all campuses, with the exception of the School of Medicine and the South Carolina College of Pharmacy (SCCP), will go up by 3.9 percent.
Tuition will increase by 6.25 percent for the School of Medicine and 5 percent for the SCCP. These tuition increases are among the lowest annual increases, in their respective units, of the last decade.
The budget will go before the full board June 30.
The $1.2 billion system budget comprises tuition and state appropriations, as well as the estimated restricted grants and contracts and auxiliary enterprises.
University of South Carolina President Harris Pastides said the budget is a prudent one that funnels expenditures toward expanded student services, including instruction, academic support and scholarships, and sorely needed deferred maintenance.
“We have experienced steady growth in our enrollment over the last few years, and we anticipate a healthy number of freshmen this fall,” Pastides said. “This budget is designed to expand services and support for our students and guarantee that they have the academic experience for which Carolina is widely known.”
The additional tuition revenue is expected to add $9.75 million for the Columbia campus. Additionally, expected enrollment increases will add another $8 million to the budget.
Pastides said he was encouraged by the smaller state budget cut (6 percent) and the funds that the General Assembly included for deferred maintenance. He said the budget was prepared with sensitivity toward students and their families still feeling the effects of the recession and an eye toward the reality that state funding has dropped by 50 percent in the last three years.
“The last three years have been lean for our state and for the University of South Carolina, but we have worked to preserve access and affordability,” he said. “As a system, we have grown the number of students we serve, increased our grant funding, and sought new sources of revenue that will allow us to keep up with the demands for higher education by the state of South Carolina. We have many reasons to be optimistic about our future.”
State appropriations for FY 2011-12 will make up 9.7 percent for the system and 9.1 percent for Columbia only, following federal grants and contracts, auxiliary enterprises, and tuition and fees.
Tuition and required fees for in-state undergraduates on the Columbia campus will change by $191 to $5,084 per semester. Non-resident tuition and required fees will increase by $495 to $13,176 per semester.
Graduate-student tuition and required fees for in-state students will increase by $213 for a total of $5,658 per semester, and $447, for a total of $11,922 per semester, for non-resident students.
Semester tuition for the four-year campuses will be:
Aiken, $4,350; Beaufort, $4,029; Upstate, $4,713. Tuition at the regional campuses will be $3,046 for students with fewer than 75 hours and $4,426 for students with more than 75 hours.
The University of South Carolina is the state’s flagship university, enrolling more than 44,500 students across the system’s eight campuses.