McHenry County College’s Board of Education will meet Thursday to discuss raising its tuition costs by $7 a credit hour.
Students currently pay $126.75 per credit and the proposed new rate is $133.75, according to board documents. College officials estimate the tuition raise will bring in an additional $723,863 in revenue.
MCC President Clinton Gabbard said in a memo to the board that the increase was necessary to “help support continuing operations.”
“The tuition increase does not fully address all the operating fund issues, but it will help mitigate any operating budget constraints to a manageable level,” Gabbard said. “Any remaining operating gaps will be addressed through analysis of service areas, cost
containment, budget reductions, and use of existing fund balance where appropriate and advisable.”
MCC has raised its rates every year since 2013, when tuition was $99 per credit hour. The new rate – if approved – will go into effect summer of 2020, according to board documents.
“In proposing tuition increases, the college is very sensitive to the financial impact of the students,” Gabbard said. “However, avoiding increases places the prospect of significantly higher increases to future students. The increase proposed is to keep pace with the rising costs of operating the college and to help offset those expenses.”
Illinois community colleges on average charge $147 per credit hour, Gabbard said.
“In 2021, with a proposed $133.75 tuition and fee rate, the college is estimated to be 32th lowest in the state using 2020 data – newer data is not available – with a revised state average tuition and fee rate currently estimated at $147.19,” Gabbard said.
The board Thursday also will discuss adjusting costs for out-of-district students. Out-of-state students and out-of-district audit students currently pay $469.94. The proposed rate for spring of 2020 is 13 cents higher – $470.13. Out-of-district Illinois residents, without an approved charge-back, could pay $378.16 – $9 less than they currently pay, according to board documents.
The board will meet 6 p.m. Thursday at McHenry County College, in the board room. McHenry County College is located at 8900 Route 14, Crystal Lake.