As the UNC system continues to balance state budget cuts and affordability for students, system leaders are looking to build a stable financial model while maintaining the state’s constitutional obligation to keep public higher education costs low.
The last goal laid out in the system’s five-year strategic plan, the fifth goal hopes to maintain its commitment to providing N.C. students with a “world-class education.”
“Essentially we wanted to ensure an accessible and financially stable university system for the long term, as well as one that meets our historic record for financial stability and affordability,” said Charlie Perusse, the UNC system’s chief operating officer.
With the state still recovering from the financial strain of the recession, the UNC system has seen nearly half a billion dollars erased from its funding since 2011, including about $65 million from its 2013-14 budget.
Consistent cuts have led public universities to rely more on tuition for funding, which contributed to an out-of-state tuition hike for 2014-15 at most system schools — including a 12.3-percent bump at UNC-CH.
In a study of out-of-state tuition rates presented at last month’s UNC-CH Board of Trustees meeting, 58 percent of applicants who were admitted to the University but enrolled at other schools reported that UNC was too expensive.
The strategic plan encourages schools to tap into other revenue sources to reduce the reliance on tuition.
System President Tom Ross said at the Board of Governors’ November meeting that increased private fundraising is one way schools can avoid raising tuition.
Perusse said improving fundraising would help boost the performance and financial stability of the system’s small campuses.
