No tuition hike at UNM-VC
There's good news for local college students. Tuition rates at the University of New Mexico-Valencia Campus will remain the same for this coming academic year.
Andy Sanchez, UNM-VC financial director, said tuition rates for both in-state and out-of-state would stay at $65.05 per credit hour and $174.25 per credit hour, respectively.
The tuition recommendation also came with the unanimous approval of next year's budget. The budget dropped slightly, from slightly more than $20.8 million to $15.2 million, a reduction of 1.35 percent, Sanchez said.
Hank Vigil, the director of student affairs, said there has been a small dip in enrollment, most likely because of the loss of summer Pell funds. Summer enrollment stands at 750 students, down 200 from last year.
UNM-VC Executive Director Alice Letteny said she spoke with U.S. Sen. Martin Heinrich's field representative about reinstating the summer Pell program.
"I know they did it to preserve the year-round Pell, but, in terms of getting students through, it is a difficulty," Letteny said.
Sanchez warned that the campus also would see an increase to the administrative costs it pays to the main campus in Albuquerque, as would the other branch campuses.
"Their revenues are going down so they are putting more onto the institutions," he said.
The administrative covers operational expenses incurred by the branch campuses using services at main campus, such as the president and regents offices, human resources, student affairs and purchasing.
Sanchez said the rate changes each year, based on the budget. This year would be an increase of more than $100,000 to $477,844.
Some of the services the campus pays for are highly used by staff and faculty and staff, Sanchez said.
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