|Owens plans tuition hike for fall|
|Written by By MARIE THOMAS/Sentinel Education Editor|
|Tuesday, 11 June 2013 17:48|
FINDLAY – The Owens Community College Board of Trustees agreed Tuesday on a tuition hike for this fall, but is awaiting implementation until the state budget bill is passed.
The resolution points out that the tuition language in the biennial budget bill has not been determined. However, as currently worded, it may allow a tuition increase of no more than 2 percent of the previous year’s tuition or up to $100 annually for full-time enrollment.
But what was discussed at a May finance committee meeting is what trustees will do: Increase tuition from $149.66 per credit hour from $146.03. The new fee will mean it will cost a full-time student with 28 credit hours $4,189 per year, up from $4,089 currently.
That increase would generate an estimated $820,000 more for the college in fiscal year 2014, which starts July 1, 2013 and goes through June 30, 2014.
Fall enrollment is projected at 8,700, down considerably from three years ago.
Enrollment has been dropping during that time, Brad Meyer, public relations coordinator, indicated.
Enrollment for 2011 was 11,157; for 2012, it was 9,535; and for this year, 8,727.
The subsequent drop in tuition income, even with the tuition increase, is $8.2 million, according to budget numbers supplied by Laurie Sabin, director of finance for the college.
Tuition makes up nearly 45 percent of the college’s estimated income for fiscal year 2014.
Also at the meeting, the board ratified a three-year collective bargaining agreement with the Owens Faculty Association, effective Nov. 1, 2012 through Oct. 31, 2015.
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