Colorado State University - Pueblo raises tuition, financial aid dispersements for FY 11-12
PUEBLO – Colorado State University-Pueblo announced on Monday that it would raise tuition by about $21 per credit hour for a full-time resident undergraduate student. Even with the increase, CSU-Pueblo remains the best value among all Colorado universities, and tuition cost continues to be at least 35 percent less than at its peer universities within the state.
The Colorado State University System Board of Governors today voted on Monday to accept the budget and tuition proposals submitted by the CSU campuses, effective July 1, 2011.
In response to the decline in state support of $2.3 million for fiscal year 2012, CSU-Pueblo had to increase tuition and develop operational efficiencies in order to maintain the high quality of programs, according to Interim President Dr. Julio Leon. The budget approved for CSU-Pueblo is $67 million.
“As state revenue declines and mandatory costs like utilities continue to increase, the University must use a combination of increased tuition and fee revenues and cost saving measures in order to maintain the quality and accreditation of our programs as well as preserving our strong focus on access and affordability,” Leon said.
Tuition for FY 2011-12 will increase by $21 per credit hour, or just more than $250 per semester, for a full-time CSU-Pueblo undergraduate Colorado resident.
The University is enhancing its financial assistance to students with an additional $600,000 made available for institutional grants and work program scholarships. CSU-Pueblo also has instituted a Commitment to Colorado program, which enables students from low- to middle-income families to afford pursuing college degrees through financial aid packages based on household incomes and qualification for Pell Grants. At CSU-Pueblo, Colorado families who are eligible for Pell Grants and who make less than $50,000 a year will have state tuition and mandatory fees covered by the University.
In response to reductions in state support and to ensure student access and affordability, CSU-Pueblo has identified more than $1 million dollars in cost efficiencies. For the third year in a row, University faculty and staff will not receive salary increases.
Combining the efficiencies and the limited tuition increases, the cost of attendance for a full-time student will result in only a 6.6 percent overall increase.