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For the first time in FIU history, a greater portion of the university’s operating budget will come from tuition, as the state’s “disinvestment” in education continues, said FIU President Mark B. Rosenberg.
Photo courtesy of Gloria O'Connell
Rosenberg spoke at a Budget Town Hall meeting on Thursday, where he presented the university’s 2011-2012 budget, that includes an $11.7 million cut in E&G funds. Additionally, $14 million in federal stimulus funding has been eliminated.
“This is a milestone budget. For the first time ever the amount of resources that we have available to run this great university is largely due to the tuition that we are collecting from our students,” said Rosenberg. “I say periodically ‘every student counts.’ Now more so than ever.”
President Rosenberg indicated that he expects tuition to increase by 15 percent for the 2011-2012 academic year (approximately $150 per semester for a full-time undergraduate).
“The future of the university rests with tuition,” said Rosenberg. “Now more than ever we have to pay attention to the needs of our students because they are now the larger shareholder.”
Rosenberg also spoke about new legislation that requires state employees to contribute a minimum of 3 percent of their salary toward their retirement. The division of Human Resources has scheduled a series of workshops starting June 1 to address employee questions regarding changes to the retirement system.
To view a video of the entire Budget Town Hall meeting, click here.
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It is certainly sad to observe the de-funding of the public side of education at every level. I am a proud graduate of FIU and Miami-Dade Public schools, and will be forever appreciative of the opportunities that my public and very affordable higher education has enabled me to exercise.
The progress of a nation is measured by the relative successes of all its citizens, not just those who are well-born or unusually gifted.