UofM Board of Trustees Approves Tuition Transparency and Accountability Act

December 5, 2018 - The University of Memphis Board of Trustees approved a Tuition Transparency and Accountability Act – a policy to establish guidelines for considering increases in tuition and mandatory fees – at its meeting Wednesday at UofM Lambuth.

In other action, the Board:

• Recommended consideration of a guaranteed tuition plan for undergraduate first-
time, first-year students beginning in fall 2019;

• Recommended consideration of restructuring resident tuition rates with a cap on credit hours that
are assessed tuition and moving to a standard tuition rate for traditional and online courses;

• Approved a new Mission and Vision Statement for the University;

• Approved the revised Fiscal Year 2019 budget;

• Approved the Residence Life Rule;

• Approved the Immunization Rule;

• Approved the renaming of three buildings. The Defense Audit Building on the Park Avenue
Campus will be renamed the Student Ventures Lab, and will serve as a focal point for
bringing high-paying jobs for students to campus and preparing them for today's workforce.
The Panhellenic Building will be designated the International Center, where all offices
providing services for international students have been consolidated. The former Highland
Branch Library will be rebranded as the CommuniTech Research Park, the first location to
house the University's research partners; and

• Approved the sale, gift or lease of vacant grounds at UofM Lambuth to build a new public high
school.