The UNC Board of Trustees spent this week’s meeting focusing on the details of the tuition increase and how to move UNC forward despite the economic downturn.
The meeting, held on today and Wednesday, concentrated on tuition but still reviewed construction plans and other purchases.
“Our goal is to stay 25 percent below all of our peers,” said UNC Chancellor Holden Thorp, regarding students’ tuition. “We are still more than $2,000 dollars below that mark and that mark will probably continue to move up during the financial crisis.”
Last fall’s tuition increase of $200 was followed by a $750 increase and was added into students’ fall tuition billing to help protect class offerings, class sizes, library services, faculty advisers and other school needs.
“If we are doing our job then the students will not feel the impact of the budget cuts in the classroom,” Thorp said. “That is part of why we thought the tuition increase was worthwhile.”
UNC’s Executive Vice Chancellor and Provost, Bruce Carney said that no less than 50 percent of the $200 tuition increase and no less than 20 percent of the $750 tuition increase must be set aside for student financial aid.
“The reason we have been so successful is that we have paid attention to recruiting the best faculties and the best students,” Carney said.
“We also have very substantial support from the state of North Carolina, so we will be working to extend that.”
Regardless of tuition, Carney explained that the goal of UNC was to stay among the best.