University of Colorado Board of Regents approves tuition rates for FY 2016-17
Modest increases include new four-year guarantee at CU-Boulder
The University of Colorado Board of Regents today approved tuition rates for the 2016-17 academic year, including a new commitment to guarantee rates for resident undergraduates at the University of Colorado Boulder.
Beginning fall semester 2016 and fall semester 2017, incoming freshmen at CU-Boulder will see a one-time increase of up to 5 percent in their tuition and mandatory fees, which will then remain locked for four years. Incoming freshmen in the fall of 2018 and 2019 will see a one-time increase of up to 4 percent in their tuition and mandatory fees, which will then remain locked at that rate for four years.
The board’s vote also approved administration-recommended increases in tuition and mandatory fees at the University of Colorado Colorado Springs (4.61 percent), the University of Colorado Denver (3.38 percent lower division, .19 percent upper division) and the University of Colorado Anschutz Medical Campus (4.77 percent for undergraduate nursing).
The percentage increases across CU’s four campuses are expected to be among the lowest in the state for the next fiscal year. The university strives to set tuition rates as early in the year as possible in order to better help Colorado families and students with advance financial planning.
Meeting at CU Denver, the board voted 7-2, with Regents Glen Gallegos and Stephen Ludwig opposing.
“We are working hard to create predictability for students and parents, as well as for the campus administration to allow them to know what they will have to work with on more than a year-by-year basis,” said Regent Steve Bosley.
The regents approved the new tuition model at CU-Boulder to address resident tuition and mandatory fee increases for the next four years. The campus already has in place a guaranteed tuition plan for nonresident students.
Each entering freshman class will see a one-time increase in tuition and mandatory fees with a lock on that tuition and fees for the next four years. If the student takes an additional year to finish, the tuition rate for the fifth year would increase to the level of tuition and mandatory fees that the following freshman class of that student’s class is paying.
Resident sophomores and juniors in 2016-2017 will also benefit from this new model. They will receive the one-time increase in tuition and mandatory fees that the freshman will receive along with the guarantee of no change for four years.
About the CU System
The University of Colorado is a premier public research university with four campuses: the University of Colorado Boulder, the University of Colorado Colorado Springs, the University of Colorado Denver and the University of Colorado Anschutz Medical Campus. With 61,258 students (and another 8,000 taking courses for credit), over 4,900 full-time instructional faculty members and another 1,200 research faculty members, CU is the largest institution of higher education in the state of Colorado. Its total workforce is approximately 29,000. CU’s annual budget is $3.5 billion. Academic prestige is marked by CU’s five Nobel laureates, nine MacArthur “genius” Fellows, 20 astronauts and 19 Rhodes Scholars. For more information about the entire CU system, and to access campus resources, go to www.cu.edu.
Contact: Ken McConnellogue, 303.860.5626, ken.mcconnellogue@cu.edu