Starting Winter term at LBCC tuition rates have gone up seven dollars a credit. Since the state budget must be balanced unlike the federal budget, the state had to cut about two million dollars from LBCC. To make up for the budget cuts, students are having to pay an additional seven dollars a credit, whereas, teachers are taking a reduction in pay. "This is the first time ever that tuition rates have gone up in the middle of the year," according to Jim Huckestein, Vice president, Finance and Operations at LBCC.
Currently revenue that enables the college to function come from various areas. Student tuition provides approximately 40 percent, state revenue (normalized) would contribute 34 percent, property taxes provide 15 percent of the cost. 1 dollar in increase per credit generates 200,000.
Tuition and fees the last five years has increased from 2005-2006 at 62.00 per credit to 2009-2010 at 74.00 per credit.
Most students that i have spoken to are having to take less credits because of the rise in the total cost to attend school, which will keep them in school longer than they had expected.
At A Glance:
Who: LBCC Students.
What: Increase in Tuition rates.
When: Starting Winter Term.
Why: State Budget Cuts.
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