Board of Governors Motions for May 19, 2020

The following motions were approved by the Board of Governors at the May 19, 2020 meeting:

Motions Approved in Open Session:

That the Board of Governors approves increases for tuition fees and university-wide fees for 2020/21 Academic Year as follows:

  • Undergraduate domestic tuition rates increase using a variable tuition framework, with an average increase of 3.75%.
  • Graduate domestic tuition rates increase 3.75% with the exception of no increase for the MBA and Master of Finance programs.
  • International tuition differential rates increase consistent with domestic rates and differential fees for Ph.D. students be eliminated.
  • Continuing fees increase to $500.00 per term and that students be assessed the fee in each term of study where they are not assessed program or tuition fees (including the Summer term beginning in 2021).
  • That university-wide fees increase 3.75%.
  • That a revised lab fees rate structure based on lab delivery costs be approved with four categories set at the following rates for 2020/21: $35, $60, $85, and variable (approved on a course by course basis).

That the Board of Governors approves a consolidated budget for the year ending March 31, 2021 that includes:

  • total revenues of $904,583,000;
  • total expenses of $922,851,000; and
  • a balanced general operating budget of $674,627,000.

The Board received for information and discussion the following items:

The President’s Report