The Executive Committee of the University’s Board of Trustees gave preliminary approval to an $862 million budget aimed at ensuring a first-rate experience for every undergraduate and building on USC’s momentum toward becoming a top-ranked public university.
The 2005–06 budget, which is expected to be ratified by the full board at it June 23 meeting, covers all eight campuses and includes a tuition increase for each of the campuses. It will become effective July 1.
President Sorensen told trustees that the increase will enhance quality and momentum by enabling the University to hire more faculty, thus reducing class size; improve technology resources; and increase scholarships for in-state students.
"The new budget reaffirms the University's commitment to guaranteeing undergraduates an academic experience unmatched by any other public university in the Southeast," Sorensen said. "Carolina has made impressive progress during the last three years, and I am pleased that this budget will allow us to build on our momentum and strengthen our commitment to quality."
The tuition increase at USC Columbia will generate approximately $17.8 million. Among the funded items are:
- OneCarolina, an ambitious, five-year plan to expand and improve technology resources
- a six-year faculty-hiring program, in its second year, that will reduce class size
- the addition of a high-tech learning center at Capstone and at West Quad residence halls
- campus safety enhancements.
Tuition for in-state undergraduate students at USC Columbia will increase by $379 per semester to $3,657 this fall. Out-of-state undergraduate tuition will increase by $1,016 per semester to $9,478 per semester. Also, the technology fee for USC Columbia students will increase from $130 to $200 per semester. Other semester tuition increases for the Columbia campus include:
- in-state graduate students, $444 for a semester total of $3,869
- out-of-state graduate students, $918 for a semester total of $8,378
- medical school, $465 for in-state students for a semester total of $9,760 and $1,344 for out-of-state students for a semester total of $28,223
- law school, $353 for a semester total of $7,412 for in-state students and $713 for a semester total of $14,980 for out-of-state students.
Increases at other campuses are:
- USC Aiken, an increase for $228 for a total of $2,964
- USC Beaufort, an increase of $272 for a total of $2,477
- USC Upstate, an increase of $288 for a total of $3,218
- USC Salkehatchie, an increase of $133 for a total of $2,032
- USC Sumter, an increase of $133 for a total of $2,032
- USC Union, an increase of $133 for a total of $2,032.
6/05
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