USVI Public Records

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UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES RESOLUTION Purpose: To approve a two year rate schedule for tuition fees for fiscal 1996-97 and 1997-98 WHEREAS, the University is committed to maintaining affordable tuition rates in order to encourage the highest possible access to higher education by residents of the Virgin Islands, and WHEREAS, the Board has mandated that the rates charged to full-time and part-time undergraduate residents of the Virgin Islands should be substantially equivalent based on a normal credit load of 15 credits, and WHEREAS, the Board has approved a rate differential of three (3) times the undergraduate resident rate for undergraduate non-resident students, a rate differential of 2.5 times the undergraduate resident rate for graduate students, and a rate differential of 2 times the graduate resident rate for non-resident graduates, and WHEREAS, tuition rates have historically been set at levels which would result in a target contribution to total general operating revenues of between 15% and 20%, and WHEREAS, the Board of Trustees has supported a policy of modest annual increases in fees while keeping tuition rates affordable and competitive, and WHEREAS, the proposed increase in tuition rates would result ina revenue contribution of 16% to 19% of total operating revenues, and WHEREAS, the proposed tuition rate increase will maintain the University's competitive price advantage over those institutions with which UVI competes most for students; Tuition Rate Resolution Fiscal Year 1996-97 —, 2 St — eee er er te ee ee CERTIFICATION The undersigned does hereby certify that the foregoing is a true and exact copy of a resolution of the Board of Trustees of the University of the Virgin Islands and adopted at its meeting on 1996 as recorded in the minutes of said Saturday March 02, meeting. 3bhe Cnxtie Kea Secretary of the Board “Date i