NotesFAQContact Us
Collection
Advanced
Search Tips
ERIC Number: ED562005
Record Type: Non-Journal
Publication Date: 2015-Jan
Pages: 29
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Tuition and Fees Report: Fiscal Year 2014-15
Colorado Department of Higher Education
Tuition policy for Colorado's public institutions has been impacted by two statutory requirements that were added in the 2014 legislative session. First, the Governor requested, and the General Assembly approved in the College Affordability Act (SB14-001), a historic $60 million (11 percent) increase for public institutions of higher education. Tied to the 11 percent operating increase was a requirement that resident tuition rate increases be capped at no more than 6 percent for FY 2014-15 and FY 2015-16. All Colorado public institutions of higher education again complied with the requirements of tuition restraint in FY 2014-15. Next, HB 14-1319 was passed by the Colorado General Assembly and signed by the Governor in May 2014. The bill eliminated the existing funding structure for how state General Fund dollars are allocated to public institutions of higher education as of Fiscal Year 2015-16, and directed the Colorado Commission on Higher Education (CCHE) to develop and adopt a new base funding allocation formula for these funds within specified parameters. HB 14-1319 also requires that the Colorado Commission on Higher Education (CCHE) provide tuition policy recommendations to the General Assembly by November 1, 2015. Using the HB 14-1319 project structure, CDHE has established the Cost Driver Analysis expert team to provide the CCHE with a thoughtful analysis of what is driving costs of higher education in Colorado, which will be used to inform the Commission's tuition policy recommendations. In accordance with C.R.S. ยง 23-1-105.5(2), this report provides detailed information on the tuition and fee rates Colorado public institutions of higher education charged to resident and nonresident students in FY 2014-15. It is the product of comprehensive tuition and fee schedules collected annually from Colorado's public institutions of higher education. This report focuses on tuition and fee rates charged to resident undergraduate students but the attached summary tables provide greater detail and information for resident and non-resident rates as well as graduate and professional program rates. Key findings include: (1) For FY 2014-15, the median percentage increase in resident tuition (5%) was the lowest since FY 2006-07 (2.5%); (2) In FY2014-15, the average increase in tuition and mandatory fees for Colorado resident students was $289 (4.7%) over FY 2013-14. The average increase at four year institutions was $462 (5.7%) and $150 (3.8%) at community colleges; and (3) Tuition and mandatory fees for non-resident students increased by an average of $808, (4.4%), or $1,238 (6.0%) at four year institutions and $450 (3.0%) at community colleges. The Appendix provides detailed tables on current tuition and fees for resident and non-resident classified undergraduate and graduate students.
Colorado Department of Higher Education. 1560 Broadway Suite 1600, Denver, CO 80202. Tel: 303-866-2723; Fax: 303-866-4266; Web site: http://highered.colorado.gov
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Colorado Department of Higher Education
Identifiers - Location: Colorado