Caption: Board of Trustees Minutes - 1992
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BOARD OF TRUSTEES
These changes have been reviewed and recommended by the University Planning Council, the chancellor at Urbana, and the vice president for academic affairs. I concur.
On motion of Dr. Bacon, these recommendations were approved. (Ms. Lopez asked to be recorded as voting "no" on this item.) (Ms. Huff and Mr. Riley asked to be recorded as casting advisory votes of "no" on this item.)
Fiscal Year 1995 Tuition Rates, MBA Programs, Chicago and Urbana
(10) In January 1994, the Board of Trustees heard presentations on the current state of professional educational programs at both University of Illinois' campuses leading to the MBA (Master's in Business Administration) degree. As the most highly visible professional business program, the MBA program has taken on special significance for virtually every college of commerce and business administration in the nation. In the changing American workplace, the need for restructuring and enhancing current MBA programs has intensified. Both Colleges of Commerce and Business Administration developed new curricular approaches to address these new challenges. Each college concentrated new program development on the particular strengths it now enjoys and on the distinctive needs of the students it now attracts. Both colleges recognized the need to expand the diversity of their current student populations, particularly through creation of a student assistance program. These funds will support curricular restructuring and will help create new student assistance programs to attract a more diverse group of students. To supplement funds achieved through reallocation, the chancellor at each campus has also proposed a differential tuition increase of $1,500 beyond the University-wide 5.5 percent general increase for FY 1995. The colleges will utilize funds derived from these increases to establish student assistance grant programs and to add new courses in areas such as international market development and team approaches to business problems. Tuition rates for MBA students for FY 1995 are shown in the following table. These rates have been reviewed with the University Planning and Policy Councils, and I recommend their implementation.
MBA Program, Proposed Tuition, FY 1995
FY 1994 $4 018 4 126 FY 1995 General Increase $4 190 4 300 FY 1995 Differential $5 690 5 800
On motion of Dr. Bacon, this recommendation was approved. (Ms. Lopez asked to be recorded as voting "no" on this item.) (Ms. Huff and Mr. Riley asked to be recorded as casting advisory votes of "no" on this item.)
Student Fees for Chicago and Urbana Campuses for Fiscal Year 1995
(11) The chancellors at each campus have recommended student fee levels for Fiscal Year 1995 to support auxiliary operations, student programs and activities, student health services, and the student health insurance programs. The fees recommended are required to meet: continuing components (salaries and wages, utilities, and goods and services), student programs, and operating costs including debt service and repair and replacement programs of facilities which comprise the Auxiliary Facilities Systems.