Fiscal Highlights - May 2016
Higher Education Tuition Increases for 2016-17 -
Spencer C. Pratt (![]() During its regular meeting on April 1, 2016, the State Board of Regents approved a first-tier tuition increase of 3.5% for the 2016-2017 school year. In addition to the first-tier increase, two institutions - the University of Utah and Dixie State University - requested second-tier tuition increases, which were also approved at 0.4% and 1.5%, respectively. The increases will add between $109 and $278 to the resident undergraduate tuition costs for students. The expected revenue from the increase is approximately $23.3 million. Of this amount, $12.8 million (55%) will be used for compensation-related expenses, including compensation increases, new hiring, promotion, and retention efforts. The remaining funds will be used for student support, utilities and maintenance, mandated costs, instructional support, and IT support. In addition to the tuition increases, the board also approved fee decreases/increases. Fees will go down at Utah Valley University (-2.5%) and remain at the current level at Snow College. Fees will increase at Utah State University (0.5%), Salt Lake Community College (2.7%), Weber State University (3.2%), Dixie State University (3.4%), University of Utah (4.0%), and Southern Utah University (4.7%). Fees cover the following major items: student activities/support, building bonds, building support, athletics, health, technology, and other purposes. In April 2016, the Utah College of Applied Technology (UCAT Board of Trustees approved a 2.9% increase ($0.05 per membership hour) in Tier 1 tuition which results in a tuition rate of $1.80 per hour at all of the Applied Technology Colleges for FY 2017. The Board of Trustees approved changes to Tier 2 tuition rates at three UCAT campuses as shown in the following table:
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