INCOME
CHANGES
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 ncome increases of $80,716,000 are projected for 2003-04, including:
$52,513,000 from projected tuition and fees increases; $3,674,000 in
enrollment-related and other income; and $24,529,000 in requested additional
appropriation support from the Commonwealth. The University’s
appropriation request includes an increase of $14,529,000, or 4.5 percent, for
basic operating costs, and $10,000,000 for the first year of a three-year plan
to increase funding for the College of Medicine.
If Penn State receives
the requested appropriation increase from the Commonwealth, the basic tuition
rate increase for most Pennsylvania resident students for 2003-04 is projected
to increase by 6.5 percent. This would be an increase of $260 per semester, for
example, for lower division students at University Park, and $252 per semester
for lower division students attending one of the campuses in Penn State’s
Commonwealth College. Tuition for non-resident lower division students at
University Park would increase by $390 per semester, or 4.5 percent, while
tuition for non-resident students attending one of the Commonwealth College
campuses would increase by $378 per semester, or 6.3 percent. |
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| In addition to the basic increase,
additional tuition charges will be implemented for first-time freshmen and
upper division and graduate students consistent with the recommendations of
the |
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Tuition Task Force approved by the Board of
Trustees on July 12, 2002. The information technology fee also will increase by
$15 per semester to support library resources and student computing and
telecommunications needs, and the student activity fee will increase by $1 per
semester. The planned increases in tuition and fees will generate $52,513,000
in additional income. |
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