Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 265]

EXTRACTED TEXT FROM PAGE:

1995]

UNIVERSITY OF ILLINOIS

253

I

For Fiscal Year 1996, the following actions are proposed for the Cost Recovery Programs:

Proposed Tuition and Fees, Fiscal Year 1996 Executive MBA Program

FY 1995 $10 000 4 300 $14 300 Proposed, FY 1996 $10 350 4 850 $15 200 FY 1996 Increase $ 350 550 $ 900 (6.3 percent)

Tuition Fees Total

Program in Policy Economics

Tuition Fees Total $13 668 3 317 $16 985 $14 146 3 350 $17 496 $478 33 $511 (3.0 percent)

Master of Science in Finance

Tuition Fees Total N/A N/A N/A $13 705 7 295 $21 000 N/A N/A N/A

Master's Program — Library and Information Science

Tuition Fees Total N/A N/A N/A $ 4 300 300 $ 4 600 N/A N/A N/A

For the Executive MBA Program each class pays the same tuition and fee charges for each of the two program years. Thus the tuition increase recommended for FY 1996 will affect only the students in the entering class of 1996. Total tuition revenue available for FY 1996 will be sufficient to cover projected academic program costs. Fee increases are required to maintain the current level of service for fee-supported activities. These include: housing and meal costs, books and materials, special orientation programs for beginning students, a variety of special travel and speaker series, and computer-related services. The Program in Policy Economics and the Master of Science in Finance Program are specially designed, intensive programs of study leading to a Master of Science degree in Economics or Finance. They are intended for promising, international administrators in government and private institutions who need additional training in areas of economic analysis and quantitative techniques. The Master of Science in Finance Program is an extension of the current program. This program is a specialization for international students who spend twelve intensive months studying international finance. Additional funds are required in FY 1996 to provide for normal cost increases. The Graduate School of Library and Information Science at Urbana-Champaign will offer a master's program to place bound students in Chicago. This program will leverage the strengths of the University's libraries and fill strong expressed needs of business and industry in the Chicago area.