Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 445]

EXTRACTED TEXT FROM PAGE:

1995]

UNIVERSITY OF ILLINOIS Master of Science in Business Administration Proposed, FY 1996 FY 1997 $11 218 $13 462 7 583 7 583 $18 801 $21 045

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FY 1997 Increase $2 244 0 $2 244 11.9%

Tuition Fees Total

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 1997 will affect only the students in the entering class of 1997. Total tuition revenue available for FY 1997 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. Additional funds are required in FY 1997 to provide for normal cost increases. The Master of Science in Business Administration curriculum has been revised. This revision has streamlined the curriculum into a single year. While the annual cost of the program rises to $21,045 it can now be completed in a single year, whereas up to this point it required 12 units over more than one year. Thus the total cost to the student has not increased.

II

The unique costs associated with instructional requirements in the Institute of Aviation are addressed by specific charges for a number of courses. Charges differ based upon the type of equipment required, the frequency of its use, the instructional mode (classroom, flight simulator, aircraft, etc.), and so on. Annual reviews of aircraft and simulator operating expenses and other equipment training needs are conducted along with projected wage requirements for the next year. Corresponding adjustments are then made in course charges. For the 1996-97 academic year (including Summer Session, 1996) current rates have been adjusted between 2.6 percent to 6.9 percent for materials, labor, and insurance, as well as 4 percent for flight time. Aviation course charges proposed for 1996-97 are specified below: Course Avi 101 Avi 102 Avi 120 Avi 121 Avi 130 Avi 140 Avi 200 Avi 210 Avi 211 Avi 220 Avi 222 Avi 224 Avi 280 FY 1996 $2 212 1 952 2 841 1 494 2 492 2 641 1 512 2 783 4 651 2 275 1 355 2 016 2 515 Proposed, FY 1997 $2 397 2 078 3 071 1 616 2 776 2 937 1 640 3 008 5 013 2 494 1 458 2 128 2 753 Percent Increase 8.4 6.5 8.1 8.2 11.4 11.2 8.5 8.1 7.8 9.6 7.6 5.6 9.5