UNIVERSITY OF THE VIRGIN ISLANDS ~

BO OF TRUSTEES RESOLUTION



Purpose



Le: See tuition rates for the 1992-93 fiscal year and for the

1993-1994 fiscal year.



_-



2. To fix rates for room and board charges for the 1992-93

fiscal year



WHEREAS, tuition rates have historically been set at

levels which would result in a contribution to total general

operating revenues of between 10% and 15%, and



WHEREAS, tuition rates are to remain affordable 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 when compared on a per

credit basis, 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 2.4 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 are set in order to maintain a

competitive price advantage over those institutions with which

UVI competes most for students, and



WHEREAS, the current rate structure for full-time

students is based on 12 credits per semester rather than the

normal credit load of 15 credits per semester, and



WHEREAS, the current rate structure for full-time

residents is not substantially equivalent to the rate for

part-time residents as mandated by the Board, and



WHEREAS, it is the policy of the University that

auxiliary enterprises are to be self-supporting, and



WHEREAS, room and board charges are to be set at levels

which fully reflect the costs of room and board services,

Board of Trustees Resolution

Proposed Pricing Structure for Tuition and Fees

Page 2



NOW, THEREFORE BE IT RESOLVED:



1. That the Board of Trustees of the University hereby

‘authorizes and approves the normal credit load of 15 credit hours

as the basis for setting tuition rates for full-time students and

that the adjustments in rates to effect this change be

implemented over the two-year fiscal period 1992-93 and 1993-94.



2. That the Board of Trustees of the University hereby

authorizes and approves the following schedule of tuition rates

effective with the 1992 fall semester:



Full-time Residents........... $1,350 per year

Full-time Non-Residents....... $4,050 per year

Part-time Residents........... $50 per credit



Part-time Non-Residents....... $150 per credit

Graduate Residents...... ove ace Sle0- per CreeLe

Graduate Non-residents........ $240 per credit



3. That the Board of Trustees of the University hereby

authorizes and approves the following schedule of tuition rates

effective with the 1993 fall semester:



Full-time Residents.........-- - $1,500 per year

Full-time Non-Residents....... $4,500 per year

Part-time Residents........ ..-- $50 per credit



Part-time Non-Residents....... $150 per credit

Graduate Residents..........-. $120 per credit



Graduate Non-residents........ $240 per credit



4. That the Board of Trustees of the University hereby

authorizes and approves the following schedule of charges for

room and board effective with the 1992 fall semester:



Room ChargeS.....-.-.-+e-- $1,300 per year

Board Charges.........-- $3,000 per year



5. That the Board of Trustees authorizes the President

to take the necessary action to implement the foregoing changes

in tuition and fees.



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 adopted at its meeting on

Sunday March 8, 1992, as recorded in the minutes of said meeting.



Quill. ea— 3/23 JG



Secretary of the Board ' Date