PSU BOT Meetings (w link)

[PSUFTG]

PSU Board of Trustees meetings this week - Thursday and Friday. Link below has instructions for watching meetings on-line.
Thursday for Finance Committee, Friday for full Board meeting plus Compensation Committee.
Among this week's topics will be approval of University Budget, and Tuition/Room & Board charges.

July 20-21, 2023 Thursday and Friday | Office of the Board of Trustees (psu.edu)

 

[LionJim]

Thank you for your service, Barry.

Maybe this isn’t the place for this but I want to get this out of the way. When you joined the BOT, I didn’t think you were going to be able to continue to post on this board. I believed that you wouldn’t be able to find a positive balance between your duties as a Board member and your position as a plain old McAndrew board screwball. I was wrong.

 

[J.E.B]

Will they approve another 9 digit budget deficit for the upcoming year?

 

[BobPSU92]

Will they approve another 9 digit budget deficit for the upcoming year?

Yes. Some trustees will express their appreciation that it isn’t 10-digit, some will express disappointment.

 

[anon1786720894]

Yes. Some trustees will express their appreciation that it isn’t 10-digit, some will express disappointment.

Bob, I hope that you're attending in your unofficial McAndrew Board PSU BOT meetings analyst capacity.

 

[anon1786720894]

https://www.psu.edu/news/administration/story/board-committee-approves-tuition-operating-budgets-through-2024-25/

Commonwealth Campuses
No increase for in-state undergraduates.
1% for out-of-state undergraduates.
1% for in-state graduate students.
2% for out-of-state graduate students.

University Park
2% for in-state undergraduate and graduate students.
4% for out-of-state undergraduate and graduate students.

 

[PSUFTG]

https://www.psu.edu/news/administration/story/board-committee-approves-tuition-operating-budgets-through-2024-25/

Commonwealth Campuses
No increase for in-state undergraduates.
1% for out-of-state undergraduates.
1% for in-state graduate students.
2% for out-of-state graduate students.

University Park
2% for in-state undergraduate and graduate students.
4% for out-of-state undergraduate and graduate students.

Correct, but not complete.

Also an additional couple thousand per year increase for students in colleges of Business and Engineering (on top of the existing surcharges), and new extra surcharges for students taking over 19 credits.

 

[anon1786720894]

Correct, but not complete.

Also an additional couple thousand per year increase for students in colleges of Business and Engineering (on top of the existing surcharges), and new extra surcharges for students taking over 19 credits.

Thanks, Barry. I also didn't copy and paste these from the article:

World Campus
1% for all Penn State World Campus students (undergraduate and graduate).
Law schools
2% for all law students.
College of Medicine
4% for in-state medical students.
4% for out-of-state medical students in 2023-24.
14% for out-of-state medical students in 2024-25.

 

[BobPSU92]

new extra surcharges for students taking over 19 credits.

Think you’ll save money by loading up on credits and graduating early? Guess again.

 

[BobPSU92]

Thanks, Barry. I also didn't copy and paste these from the article:

World Campus
1% for all Penn State World Campus students (undergraduate and graduate).
Law schools
2% for all law students.
College of Medicine
4% for in-state medical students.
4% for out-of-state medical students in 2023-24.
14% for out-of-state medical students in 2024-25.

14%? Must have been a steal before the tuition hike. So just a correction to level the tuition with the value.

 

[PSUFTG]

14%? Must have been a steal before the tuition hike. So just a correction to level the tuition with the value.

There is a bit of a back story to that one. FWIW

Short and sweet is that there had not previously been an "in state/out of state" differential (or at least not much of one.... I'd have to check notes to be 100% sure), and that big boost was a step towards initiating a differential.

 

[BobPSU92]

There is a bit of a back story to that one. FWIW

Short and sweet is that there had not previously been an "in state/out of state" differential (or at least not much of one.... I'd have to check notes to be 100% sure), and that big boost was a step towards initiating a differential.

Let‘s create some fast prestige around here. 14% tuition increase!