CONWAY — Coastal Carolina University will ask the state for $3 million to avoid raising in-state tuition for 2014-15.
CCU’s board of trustees approved the request to seek funding at its quarterly meeting Friday. The additional money would allow CCU to keep in-state tuition flat for a third straight year.
“This is not something that we’ve done before,” said Eddie Dyer, CCU’s executive vice president and chief operating officer. “The state actually asked for universities to stay flat [on in-state tuition], and the university took the state seriously.”
In-state tuition did not go up last year because enrollment was higher than expected, and the university was able to use some of the increased revenue in place of a tuition increase, said Stacie Bowie, vice president and chief financial officer. CCU’s expenses have increased in maintenance and care for new buildings and grounds, and with the hiring of additional faculty to meet the university’s growth. A tuition increase will be needed to cover those costs unless the state supplements the university’s budget, she said.
The university will not find out if it will receive the state funding until around June, Bowie said, however, trustees still can expect a request for an in-state tuition increase during the budget process so that financial aid can be calculated based on a worst-case cost scenario.
Tuition for full-time, in-state students this year is $4,840 per semester.
Out-of-state students can expect a tuition increase next fall, according to a university report. Tuition for full-time, out-of-state students is $11,315 per semester, an increase of 3 percent from last year.
Contact VICKI GROOMS at 443-2401 or follow her at Twitter.com/TSN_VickiGrooms.