Board freezes tuition rates for next year
By Jacob Zokvic
The LCC Board of Trustees has agreed to not raise tuition rates for the 2022-23 academic year. The decision was made at the Sept. 20 Board of Trustees meeting.
Board Chair Ryan Buck explained how this was a unique action.
“The board has set tuition for the next school year,” Buck revealed. “We normally do that in March, but the board has decided that we cannot be raising tuition in the next academic school year, so we are putting a freeze in place.”
The board made this decision in order to further the college’s continuing efforts for student affordability.
The board meeting materials revealed just how much money this actually represented. Using the 2021-22 increase of $3 for in-district tuition as a model, foregoing a $3 increase for 2022-23, would result in the loss of approximately $950,000 in revenue.
The decision came as part of an item that is meant to strengthen the college’s financial position. Along with freezing tuition, the act also redistributed certain budget items and set up an emergency fund.
This money is meant to give the board some time to make decisions about how it is going to continue to function as a college in the event of the legislature cutting the appropriation for LCC.
“This was a response to all the uncertainty that COVID threw at the college,” Buck said.
The next LCC Board of Trustees meeting will be held on Oct. 25, 2021. For more information on the board, go here.