LBCC Budget Presentation

Beginning Summer term, LB students can expect to pay $91 per credit.

Of the 5.2 million dollar gap in LB's budget, 40% will be filled by increasing tuition $7 per credit. This increase has already been approved by the board.  The other 60% will be covered by reducing expeditures.

The only other way to increase revenue and limit budget cuts, is through investments, which takes time.  Investments would go directly to the general fund, the goal of investments according to President Greg Hamann, "To get the community to invest in the future through LB."

Grants are not an option to fill the gap, because grants are awarded toward something specific.  Grants are not, "Part of the day to day operation," Hamann commented.  Investments would go directly to the general fund.

"A decade ago, community colleges had capacity they weren't using," said Hamann.  He continued, "If you're at capacity, but you don't have a seat to fill, it helps the student, but doesn't add any revenue."

Right now, enrollment is projected to decrease by 2%, and the state funds have also decreased by $1200 per student.  "If there's more money, you can have more students," said Jim Huckestein, Vice President of Financial Operations.

This year, LB may experience one of the largest graduating classes to date, and as the economy continues to improve, more students may opt for employment rather than education.  These two factors may contribute to the projected decrease in enrollment.

To control the budget, Hamann said, "We are being intentional about how big we are going to be."  There are two ways to control LB's size, limit seats in classes, and limit admission.  These avenues may be a catch 22.  Last term, there were 400 students admitted that couldn't get a single class.  "That's not the solution," Hamann finished.

For a complete list of tuition and fees, www.linnbenton.edu/go/tuitionandfees.
For President Greg Hamann's statement on the budget, www.linnbenton.edu/go/presidents-message.

AT A GLANCE
Tuition Break Down
Credit Tuition- $85.80
Student Activity Fee-$2.20
Transportation and Safety Fee- $1.00
Technology Fee- $2.00
Total Tuition Per Credit- $91.00