Regents Allocate More Funding‚ Approve Differential Tuition for Kennesaw State
KENNESAW‚ Ga. (May 4‚ 2007) — Kennesaw State University will benefit from an increased budget and…
Georgia (May 4, 2007) — Regents Allocate More Funding‚ Approve Differential Tuition for Kennesaw State
University Joins Four Other USG Institutions in New Tuition Category
Contact: Special Assistant to the President for External Affairs
KENNESAW‚ Ga. (May 4‚ 2007) — Kennesaw State University will benefit from an increased budget and additional tuition and fee revenues in the new fiscal year‚ thanks to the approval earlier this week of the Board of Regents of the University System of Georgia’s Fiscal Year 2008 Budget.
The Board of Regents approved KSU’s budgetary and funding enhancements during its special one−day meeting held Wednesday‚ in Atlanta. The university’s new fiscal year begins on July 1‚ while the new KSU tuition rates and fees will become effective in the fall semester of 2007.
On the budget side‚ Kennesaw State will receive $80.9 million from the Board of Regents for its FY ‘08 state allocation‚ an increase of 8 percent — or an additional $6 million in new funding — over the $74.9 million allocated in fiscal year 2007. The additional revenue will be targeted at increasing salaries‚ expanding the number of KSU faculty and staff‚ and supporting priorities identified in the university’s 2007−2012 Strategic Plan.
In a major move‚ the regents also authorized a new “differential tuition rate” for KSU and three other growing USG regional and comprehensive state universities — Georgia Southern University‚ Valdosta State University and the University of West Georgia. This is part of the board’s thrust to direct future University System growth to “comprehensive universities with resources to provide additional student programming and course offerings.”
“The Board of Regents’ inclusion of Kennesaw State among the four USG institutions that will have a differential tuition rate is a strong acknowledgement of both our stature and our fiscal reality‚” stated KSU President Daniel S. Papp. “This move by the board will provide much−needed revenue to address the impact of our growth as a comprehensive university‚ and help us address the financial implications of the high−demand degree programs we are offering — including our new doctorate.”
KSU introduced its first doctoral degree — the Doctorate of Education in Leadership — in 2006.
The per−semester tuition rate for entering KSU freshmen for fall 2007 will be $1‚479 for Georgia residents and $5‚915 for out−of−state freshmen. These rates will be guaranteed through the University System of Georgia’s Guaranteed Tuition Policy — also known as the “Fixed for Four” plan — which guarantees KSU freshmen a fixed tuition rate for four years. The guarantee program helps students and their families plan for college expenses‚ while also creating a financial incentive for students to graduate within four years.
For freshmen who entered KSU during fiscal year 2007 (which includes the fall semester of 2006)‚ per−semester tuition will remain $1‚280 for in−state residents‚ and $5‚121 for out−of−state undergraduates until fiscal year 2010. For continuing KSU students who entered or transferred into the university prior to fall 2006 — when the “Fixed for Four” plan originally was introduced — the new per−semester tuition rate will be $1‚357 for in−state residents‚ and $5‚428 for out−of−state residents.
“The ‘Fixed for Four’ tuition continues to make college more affordable and accessible for Georgia students‚ allowing them to plan effectively for this investment in their future‚” Papp stated. “And‚ with our commitment to keeping increases as low as absolutely necessary for all of our students‚ Kennesaw State offers a great deal for a top−notch‚ high−quality education that is rapidly growing in prestige and reputation.”
In addition to establishing the new tuition structure‚ the Board of Regents also approved four student fee increases for KSU‚ including one that will provide funds to tackle parking concerns at the university with the addition of a new parking deck. Another fee increase will provide revenue to better support KSU’s intercollegiate student athletic programs‚ as the university meets the heightened expectations of recently joining the NCAA Division I ranks.
ONLINE PRESS KIT:
For a detailed news release from the Board of Regents regarding this week’s special board meeting‚ visit www.usg.edu/news/2007/050207.phtml. A map of the 35 units of the university system‚ detailing each unit’s location and classification within the system‚ is available at www.usg.edu/inst/map.phtml.
A member of the 35−unit University System of Georgia‚ Kennesaw State University is a comprehensive‚ residential institution with a growing student population approaching 20‚000 from 132 countries. The third−largest university in Georgia‚ Kennesaw State offers more than 60 graduate and undergraduate degrees‚ including a new doctorate in education.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 38,000 students. With 13 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.