Mandi Mooney
Editor-in-Chief
March 24, 2005
Administration releases raised rates
Milligan College’s budget committee released the final figures for the
2005-2006 total cost rates, showing a 4.9 percent increase over the current
year’s figures with the total cost of next year’s attendance being $21, 990, the
college’s smallest increase in the last seven years.
“An increase is necessitated each year due to increasing operating costs, such
as health insurance, utilities, employee salaries, etc.,” said Associate Vice
President for Business and Finance Chris Rolph who also acts as chairman of the
budget committee. “Colleges and universities face the same operational and
personnel costs as do all business enterprises and are subject to the same
market increases in expenditures for providing services.”
According to the Chronicle of Higher Education, the national average cost of
attendance at a four year private institution in 2004-05 was $30,295. Even with
the increase, Milligan’s total costs are still $9,000 lower than other similar
colleges.
“(The increase) is well below the national average of 6 percent for private
colleges and 10.5 percent for four year public universities,” Rolph said.
According to Associate Vice President for Communications Lee Fierbaugh,
Milligan’s total costs have increased about 4 percent to 7 percent each year.
The increases average about $1,000 each fiscal year.
“We try hard to control those rising costs and keep our increases to a minimum,”
Fierbaugh said.
The college’s administration has received minimal feedback concerning the raised
total costs.
“The few comments we have heard have been positive that we have kept the
increase as minimal as possible considering rising operational costs,” Fierbaugh
said.
The budget committee, which acts as an advisory committee to President Don
Jeanes who is responsible for the college’s budget, began meeting last September
to plan the costs, as well as the college’s budget, for the 2005-2006 fiscal
year. The tuition rates were then presented to the Board of Trustees who
approved the rates at the end of October.
“The budgeting processes, as well as the process of setting tuition and granting
financial aid, are all intricate systems but precise ones,” Rolph said. “We work
very carefully and try to control costs while maintaining quality. We make good
use of the resources that have been entrusted to us.”
According to Rolph, the college’s budget for the 2005-2006 fiscal year will be
around $20 million. The budget committee is currently working on drafts of the
budget. A complete draft will be finalized in April and then approved by the
Board of Trustees at the end of April.
However, Milligan does not survive solely on tuition paid by students. Rolph
stated that only 50 percent of the college’s operating expenses come from
tuition.
“Each year thousands of alumni, friends, churches and even our own faculty and
staff stand in the gap to make up the difference between student tuition and the
actual cost of attendance for our students,” Rolph said. “Without this support,
the cost of attending Milligan College would be significantly higher.”