The University of Colorado Board of Regents voted Thursday to approve recommendations on tuition, compensation and fees for the 2021-22 fiscal year.
- The plan calls for, in effect, a 0% tuition rate change for undergraduate students. A 3% tuition increase will be "bought down" by each campuses' one-time relief funds for the coming fiscal year for undergraduate students. Graduate students will also see relief from the proposal.
- While potential base building compensation percentage increases for faculty and staff remain in doubt until later in the year, Classified Staff will see a 3% increase beginning July 1 (as called for by the state), and faculty and exempt staff will receive a payment equal to 2% of their compensation from July 1 through December 31.
- The budget also allows for potential compensation increases for faculty and exempt staff – ranging between 1% and 3% – in the next calendar year. Revenue thresholds would need to be met in order for those increases to be granted; those thresholds will be determined based on fall enrollment figures, expected in September, with the increases potentially taking effect for a new Jan. 1-Dec. 31 compensation cycle.