“Throughout this process, I have remained committed to maintaining the best educational experience possible and preserving students’ progress toward their degrees, supporting faculty development, safeguarding health and safety initiatives, maintaining information technology and preserving the university’s infrastructure,” Pastides said.
This year’s budget also marks a shift in funding sources for the university.
“As state funding has diminished, state appropriations have slipped from No. 2 to fourth as a source of funding for USC Columbia and to third for the USC system,” said Dr. Ted Moore, interim provost and vice president for strategic planning.
State appropriations for FY 2009 -10 will make up 16.3 percent of the total system budget and 15 percent of the Columbia campus total budget, following federal grants and contracts, auxiliary enterprises, and tuition and fees.
Even so, Moore said that because stimulus funds are intended only for non-recurring expenditures, and tuition is recurring, stimulus funds were not factored into the budget.
“Tuition is driven by state appropriations,” Moore said. “If one source goes down, another must go up, or additional recurring cuts must be made, and alternative funding sources must be found.”
However, Moore said, the stimulus is badly needed because it will free up recurring funds that otherwise would go toward one-time items. As a result, it reduces pressure on the need to increase tuition further.
The tuition adjustment for undergraduates on the Columbia campus will raise tuition and required fees for in-state students by $159 per semester, to $4,578 per semester. Non-resident tuition and required fees will increase to $11,866 per semester.
Graduate-student tuition and required fees also will increase by 3.6 percent: $176 per semester for in-state students, for a total of $5,094; $372 per semester for non-resident students, for a total of $10,740.
Tuition and required fee increases for the system campuses are 3.6 percent for Beaufort and Upstate and 4.9 percent for Aiken.