UNC-system schools used the more than $112 million in revenue they collected last year from campus-based tuition increases and growth funding to hire and retain full-time faculty and to increase student aid.
Members of the UNC system’s governing body will refer to that fact today as they start discussing next year’s tuition rates.
“The chancellors did a great job of understanding and adhering to the (UNC-system Board of Governors’) directive,” said Jeff Davies, the system’s vice president for finance.
The board enlisted Davies to help investigate the allocations of tuition and growth revenue at each system school. He released a report this week that outlines the allocation of the revenue at each system school.
Members wanted to ensure that universities were using the funds to increase class offerings and to decrease class size. They also noted the need for more permanent faculty at system schools.
UNC-Chapel Hill received a total of $18.7 million in combined appropriations from a campus-based tuition increase and enrollment growth.
The University’s tuition revenue totaled $14.1 million after in-state students paid an additional $250 this year and out-of-state students experienced a $1,500 increase in tuition.
The revenue from the tuition hike was used to increase faculty salaries and financial aid, said Steve Allred, executive associate provost for the University.
“For UNC-Chapel Hill this past year, the role of campus-based tuition is crucial in student support, but also in faculty support,” he said.