Tuesday, June 05, 2007
ORANGEBURG – This afternoon, the Board of Trustees of South Carolina State University has decided that a tuition increase for the 2007-2008 academic year will not be necessary.
“We have decided that a tuition increase is no longer warranted, and due to exceptional management of university finances, we are able to finish [fiscal year 2006-2007] in the black and balance the budget put in place – an operating budget that will enable the University to carry out goals for fiscal year 2007-2008,” said Maurice G. Washington, Chairman of the Board of Trustees.
The Board made the announcement from its week-long annual retreat, held this year in Charleston, S.C. To date, SC State is the only public college or university in the State of South Carolina that will not raise tuition for the upcoming academic year.
“This University embraces two concepts as a land-grant institution: accessibility and affordability,” said SC State President Andrew Hugine Jr.
“We are sensitive to the rising cost of education,” added Hugine. “We are pleased to be able to put together a budget that will accommodate our students’ needs, as well as the needs of their families.”
SC State’s total budget for the 2007-2008 fiscal year is $119 million.
According to Hugine, the new budget will still accommodate a recommendation presented a year ago to improve faculty salaries. The new budget will accommodate an additional $440,000, as well as a cost of living increase, to enhance faculty salaries.
Earlier this year, SC State was honored for Achievement in “Excellence in Financial Reporting” from the Government Finance Officers’ Association of the United States and Canada.