Students will benefit from tuition freezePublished 11:19am Thursday, June 20, 2013
ST. PAUL — The Board of Trustees of the Minnesota State Colleges and Universities system has approved a budget that freezes tuition.
M State-Fergus Falls is part of the MnSCU system, and Mary Devine Johnson, director of communication for the college, said that means big things for their students.
“From our perspective, we think its a wonderful opportunity for our students,” Johnson said. “They will know exactly what to plan on financially from now on.”
Johnson said that over half of the students at the Fergus Falls campus recieve financial age.
Over half of their students are also non-traditional aged as well, which means that balancing work, family life and study is a major concern. With tuition rates now frozen, families won’t have to worry about the future burden of increases.
“We’re really optimistic that this will encourage people to continue on and finish a degree,” Johnson said. “Our goal is to do our best and reach out to people across the region and to reach out to people who have taken one class with us. We want to let them know that now is a good time to come back.”
Additional funds have been made available for colleges to retain their quality professors, and Johnson said that means the campus will continue to offer a great product at an affordable price. While they don’t have any hard data forecasting an increase in future enrollment, Johnson said they are optimistic t
MnSCU’s $1.9 billion budget uses a state funding boost to hold next year’s tuition to this year’s rate. Fees will stay nearly flat.
The Star Tribune reports combined, tuition and fees will average $7,344 at the seven state universities, just $3 more than last year. At Minnesota’s public two-year colleges, the price tag will be $5,360.
More than 200,000 students are enrolled in credit-bearing courses in the MnSCU system.
The board of trustees unanimously approved the 2014 budget, which spends $61.9 million more than in 2013, a 3.4 percent increase. The plan includes a 2.6 percent compensation increase for faculty and staff. It pledges $22 million in reallocations.
With additional reporting by Rian Bosse