Colorado Senate Bill 3 requires universities to inform the Colorado Commission on Higher Education of plans to increase tuition more than nine percent. CU has informed the state that it is holding out the option of an increase of 9.5 percent in 2011. The request also outlines plans for four more years of increases as high as 9 percent.
The recession has forced the Colorado State Legislature to slash the state budget in recent years and funding for higher education has felt those cuts. The University of Colorado has cut $50 million from its budget in the last two years. The option of increasing tuition in the next five years provides the university an option if state funding continues to drop.
"We're trying to preserve our option for next year. Should state funding be cut in half or worse for us, we need to be able to fill the hole," says Ken McConnellougue, Associate Vice President for University Relations.
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