Friday, April 30, 2010

Tech Officially Raises Tuition

Mountain Mail Reports

The New Mexico Tech Board of Regents approved tuition increases and discussed the 2010-2011 budget at length during the regular meeting Tuesday, April 20.
The Board approved the administration recommendation of increases in overall tuition and all required fees for in-state undergraduates of 7.2 percent, from $2,303 to $2,470.
Total tuition and all required fees for out-of-state undergraduates will increase 7.7 percent, from $6,784 to $7,309.
In-state graduate students will see an increase of 7.3 percent. Out-of-state graduate fees will increase 7.8 percent.
“When you look at all the institutions in the Southwest, we are still among the lowest,” university President Dr. Daniel H. Lopez said.
For an in-state student who lives on campus, the total increase in all fees is 4.4 percent, or $301 per semester.
Regents had a series of questions – both general and specific – about the proposed 2010-2011 budget.
Vice President of Finance Lonnie Marquez presented a budget that included revenues of $38.9 million for Instruction and General, a cut of $1.8 million from the previous year. The total budget – including research, auxiliary services and other non-general funds – also shows a decrease. The total budget of revenues is $106.4 million, a drop of $1.6 million from the previous year.
Regent Richard Carpenter opened the discussion with a general question: Do budget cuts undercut the core mission of any programs?
“There’s no question that these cuts have an impact on these important kinds of special initiatives, like Science Fair and Science Olympiad,” Lopez said. “We can maintain without the quality suffering, but over the long haul, it will create problems”

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