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Contacts: Di Saunders – Office: 503-725-5714; Cell: 503-807-5539 Board of Higher Ed Approves Summer 2004 Tuition and Fees, Sale of PORTLAND,
December 19 – The State Board
of Higher Education (the “Board”) today held its fourth meeting of
the 2003-04 academic year by teleconference. The Board agenda focused on
two items: (1) review of 2004 Summer Term tuition and fees; and (2)
review of a bond sale and issuance to finance capital construction,
facilities repair, and renovation projects on Oregon University System
campuses. Summer
Fee Book
The Board approved the recommended tuition and fee rates for
Summer Term 2004 at the seven OUS institutions, which range from a 0% to
a 9% increase over Summer Term 2003 for resident undergraduates, or an
average increase of 3%. Graduate
student tuition and fee increases range from a decrease of -10% to an
increase of 28% for residents. Summer Term tuition and fees are always
set separately from the regular academic year on a per credit basis with
no tuition plateaus. The
proposed summer session tuition and fees are the result of campus
decision-making processes that include institution administration and
student committee deliberations or student referendum/initiative; and
are recommended by each campus president for approval by the Board. The
various fee proposals submitted by each institution undergo a review by
the Chancellor’s staff for compliance with state statutes, Legislative
direction and Board policy. OUS staff may need to come back to the Board
in 2004 if the tax measure does not pass to make changes in the tuition
and fee structure for Summer Term. Bond
Sale The
Board approved the staff’s recommendation to request the State
Treasurer to issue $12,519,853 of Article XI-G bonds, and $88,462,667 of
Article XI-F(1) bonds – a total of $100,982,520 – to finance various
capital construction projects on the OUS campuses, and for use in
facilities repair and renovation projects. All projects to be financed
by these bonds will have been authorized by the State Legislature or the
Emergency Board of the State Legislature prior to the sale date. Bond
issuance costs are estimated at 2 percent ($1.7 million) and will be
charged against each project for which bonds are sold under this sale,
scheduled for January 2004. System-wide
projects on all seven campuses, including academic modernization and
repair, and small and miscellaneous capital projects, equal $21.6
million of the total. Specific Oregon State University projects will
utilize $4 million; Portland State University projects will utilize
$45.3 million; Southern Oregon University will utilize $5.5 million; and
University of Oregon will utilize $12 million of the total. Eleven of
the 12 projects included in this sale were contained in the Board’s
authorized capital construction request for higher education proposed
for the 2003-05 biennium in the 2003 Legislative Session. Oregon
University System (OUS) comprises seven distinguished public
universities, reaching more than one million people each year through
on-campus classes, statewide public services and lifelong learning. The
Oregon State Board of Higher Education, the statutory governing board of
OUS, is composed of eleven members appointed by the Governor and
confirmed by the Oregon State Senate. For additional information, go to www.ous.edu. -OUS- Eastern
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