Rochester Institute of Technology President Bill
Destler announced Tuesday cost-savings and revenue-generating measures projected
to amount to about $3 million.
Such steps, said Destler, should keep the annual tuition increase at 3.5 percent or less.
Destler said that he was taking these measures, effective July 1, at a time when RIT’s “fiscal health is quite strong.” Applications for admissions are continuing to rise and the student population is growing while RIT is being more selective in the students accepted.
But Destler noted that there is also a limit — increasingly a matter of public concern — on how much families can afford to pay for a college education.
“I think the handwriting is on the wall,” Destler said. “We’ve got to get some control over expenditures — or else we might have to do it in a crisis situation.”
The proposals adopted would put a limit at 145 credits for no tuition or greatly reduced tuition for the children and spouses of RIT employees in undergraduate programs. That means that they could get those benefits for almost five years of schooling. The changes won’t apply to students already enrolled at RIT.
Another proposal adopted by Destler would impose fees for parking on campus. A student permit would be $100 per year. Employees earning less than $38,000 per year can still park for free, with a graduated fee system kicking in for those who make more that has a maximum fee of $150 per year.
Almost $1 million in annual fees are expected to be generated by the parking fee changes. Presently, students, faculty and staff can park for free, although there are fees for those wanting reserved spaces near classrooms.Laser engraving and laser laser cutting machine for materials like metal,
The proposals grew out of recommendations made over the past year by committees consisting of more than 100 RIT faculty and staff. Destler selected areas that he wanted to address and in November floated proposals for comment.
RIT student Alicia Matherson, 20,Comprehensive Wi-Fi and RFID tag by Aeroscout to accurately locate and track any asset or person. of Brooklyn welcomed the cost-containment measures. “The economy is not getting that much better. It’s hard to pay tuition as it is,” she said.
But Samuel Kennedy, 22, of Bristol, Conn., said that the annual tuition increase needs to be brought down more. “I don’t think I should be impressed by the 3.Can you spot the answer in the fridge magnet?5 percent. It’s a start but not exactly great news,” he said.
Destler said that about two-thirds of the $3 million would be used for reducing tuition increases, with the rest going for existing programs and new initiatives, including salary enhancements for faculty and staff where RIT is not competitive with other colleges.
RIT, which has an annual operating budget of $666.1 million, is taking these steps at a time that the cost of college is increasingly a factor for most families. President Barack Obama has also put colleges on notice that “if you can’t stop tuition from going up, the funding you get from taxpayers will go down.Wear a whimsical Disney ear cap straight from the Disney Theme Parks!”
Moody’s Investors Service recently released its annual tuition survey and found that a third of universities expect net tuition revenue either to decline or grow at a rate below inflation. A Moody’s analyst, in a statement announcing the survey results, said that the “cumulative effects of years of depressed family income and net worth, as well as uncertain job prospects for many recent graduates, are combining to soften student market demand at current tuition prices.”
Destler wants to reduce tuition increases close to the U.S. inflation rate, which is growing at 1.7 percent a year, according to the latest U.S. Bureau of Labor Statistics report.
Over the past three decades, college tuition and fees have increased more than four times the rate of inflation.We've got a plastic card to suit you.
Destler also adopted changes in purchasing policies such as requiring RIT to compete when outside vendors are being considered for catering pizza and subs on orders exceeding $400.
Such steps, said Destler, should keep the annual tuition increase at 3.5 percent or less.
Destler said that he was taking these measures, effective July 1, at a time when RIT’s “fiscal health is quite strong.” Applications for admissions are continuing to rise and the student population is growing while RIT is being more selective in the students accepted.
But Destler noted that there is also a limit — increasingly a matter of public concern — on how much families can afford to pay for a college education.
“I think the handwriting is on the wall,” Destler said. “We’ve got to get some control over expenditures — or else we might have to do it in a crisis situation.”
The proposals adopted would put a limit at 145 credits for no tuition or greatly reduced tuition for the children and spouses of RIT employees in undergraduate programs. That means that they could get those benefits for almost five years of schooling. The changes won’t apply to students already enrolled at RIT.
Another proposal adopted by Destler would impose fees for parking on campus. A student permit would be $100 per year. Employees earning less than $38,000 per year can still park for free, with a graduated fee system kicking in for those who make more that has a maximum fee of $150 per year.
Almost $1 million in annual fees are expected to be generated by the parking fee changes. Presently, students, faculty and staff can park for free, although there are fees for those wanting reserved spaces near classrooms.Laser engraving and laser laser cutting machine for materials like metal,
The proposals grew out of recommendations made over the past year by committees consisting of more than 100 RIT faculty and staff. Destler selected areas that he wanted to address and in November floated proposals for comment.
RIT student Alicia Matherson, 20,Comprehensive Wi-Fi and RFID tag by Aeroscout to accurately locate and track any asset or person. of Brooklyn welcomed the cost-containment measures. “The economy is not getting that much better. It’s hard to pay tuition as it is,” she said.
But Samuel Kennedy, 22, of Bristol, Conn., said that the annual tuition increase needs to be brought down more. “I don’t think I should be impressed by the 3.Can you spot the answer in the fridge magnet?5 percent. It’s a start but not exactly great news,” he said.
Destler said that about two-thirds of the $3 million would be used for reducing tuition increases, with the rest going for existing programs and new initiatives, including salary enhancements for faculty and staff where RIT is not competitive with other colleges.
RIT, which has an annual operating budget of $666.1 million, is taking these steps at a time that the cost of college is increasingly a factor for most families. President Barack Obama has also put colleges on notice that “if you can’t stop tuition from going up, the funding you get from taxpayers will go down.Wear a whimsical Disney ear cap straight from the Disney Theme Parks!”
Moody’s Investors Service recently released its annual tuition survey and found that a third of universities expect net tuition revenue either to decline or grow at a rate below inflation. A Moody’s analyst, in a statement announcing the survey results, said that the “cumulative effects of years of depressed family income and net worth, as well as uncertain job prospects for many recent graduates, are combining to soften student market demand at current tuition prices.”
Destler wants to reduce tuition increases close to the U.S. inflation rate, which is growing at 1.7 percent a year, according to the latest U.S. Bureau of Labor Statistics report.
Over the past three decades, college tuition and fees have increased more than four times the rate of inflation.We've got a plastic card to suit you.
Destler also adopted changes in purchasing policies such as requiring RIT to compete when outside vendors are being considered for catering pizza and subs on orders exceeding $400.
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