Dear Faculty, Staff and Students:
The Business and Finance Committee of the Tennessee Board of Regents (TBR) met June
12 to recommend tuition and fee increases at all TBR-governed public universities
and community colleges for the 2012-13 academic year. These recommendations will
be voted on by the full TBR board at its quarterly meeting on June 29, 2012. The
tuition increases will become final, if approved as a result of this vote.
The committee has recommended a tuition increase of 8.2% for students attending any
of the U of M campuses, including the Lambuth campus, beginning fall 2012. In-state
undergraduate students taking a full academic course load (12 hours) will pay $3,952
per semester in tuition. Students with Hope Lottery Scholarships will pay $2,000 less
per semester or $1,952.
Graduate students who are eligible for in-state tuition will pay $4,981 per semester
for 10 hours. The University of Memphis remains below peer averages in both undergraduate
and graduate tuition, according to the Southern Regional Educational Board.
Adequate funding is necessary for the University of Memphis to continue its primary
goals of providing a high quality education and graduating our students in a timely
manner. Without adequate state funding, student tuition and fees continue to rise.
Over the last four years, state funding for higher education has been reduced for
the University of Memphis by a total of $41.7 million and it will be reduced by another
$1.8 million in the upcoming fiscal year. This equates to a 35% reduction in state
funding, or more than $43.5 million.
Despite the reductions in state funding, our goals remain the same:
- Providing classes and programs for students’ progress toward graduation in a timely
- Restoring full-time faculty positions in areas of student enrollment growth
- Funding the state mandated salary increase of 2.5% for all higher education employees
- Funding to address rising fixed costs
We are taking numerous steps to control costs while continuing to serve an expanding
enrollment. These steps include process improvement initiatives, such as streamlining,
consolidating and reorganizing offices and services to gain efficiencies in our operations
We are grateful to the faculty and staff for their professionalism and dedication,
the students for their commitment to their continued education, as well as to our
alumni, friends and the community for their continued financial support as we work
to lessen the impact of the reduced funding.
Shirley C. Raines, President