The Colorado Mountain College Board of Trustees on Wednesday approved higher tuition rates for the 2014-15 academic year.
Per-credit-hour tuition for associate-level courses will increase less than 2 percent, to $57 (equivalent to a $1 increase) for in-district students, 6 percent to $100.50 (a $5.50 increase) for in-state students and 6 percent to $317 (an $18 increase) for out-of-state students, in addition to an industry tuition rate of $112 per credit hour (a 6 percent/$6 increase), according to a statement prepared by the college.
Per-credit-hour tuition for upper-division bachelor’s degree courses will increase 4 percent, to $99 (a $4 increase) for in-district students, 6 percent to $212 (a $12 increase) for in-state students and 6 percent to $429 (a $24 increase) for out-of-state students. The new service area tuition rate is $205.
The higher tuition rates are the first increases since 2012-13, according to college officials.
Trustees also approved a new tuition rate for residents living outside of the CMC district but within the college’s service area (Chaffee, Grand and Jackson counties) of $97, which is between the in-district and in-state tuition rates.
Room and board rates at the college’s three residential campuses will remain constant for 2014-15.
The new tuition rates, which remain among the lowest in the state and nation, are intended to help make up for falling property tax revenues, which have fallen approximately $5 million during the past year. A portion of new tuition revenue also will be used to create a Student Success Fund, as well as $50,000 in additional scholarship funds.
• The board also unanimously approved the college’s 2014-18 strategic plan, which will become effective July 1. The plan is the result of more than a year of research and analysis, with input from employees, students and community members.
“As we put the plan into action, we look forward to sharing it with all of our campuses and communities over the coming months,” said Dr. Carrie Besnette Hauser, president of the college.
• Trustees also approved a new conflict of interest disclosure form and annual process, as well as seven chapters of the revised CMC policy manual.