Contacts: Di Saunders – Office: 503-725-5714; Cell: 503-807-5539

Board of Higher Ed Approves Summer 2004 Tuition and Fees, Sale of 
$100 million in Bonds for Capital Construction and Renovation Projects

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.

 

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Eastern Oregon University | Oregon Institute of Technology | Oregon State University | Portland State University

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