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CONTACT: STEVE PARROTT
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Iowa City IA 52242
(319) 335-0557; fax (319) 335-0558
e-mail:steven-parrott@uiowa.edu

Release: Immediate

Tuition surcharge proposed to improve resources for UI business students

IOWA CITY, Iowa -- An additional increase in tuition for undergraduates majoring in business at the University of Iowa will provide students with better technological resources and enhanced opportunities for business experiences inside and outside the classroom, according to a proposal submitted to the Iowa Board of Regents.

The College of Business Administration is asking the regents for permission to implement a $245 surcharge each semester for undergraduate business majors as part of the UI's tuition policy.

The policy will be discussed by the regents at their Sept. 9-10 meeting in Cedar Falls. The board will vote on tuition for the 1998-99 year at its October meeting.

According to the proposal, the additional tuition charge would primarily affect juniors and seniors who are admitted as majors in the College of Business Administration. If the surcharge is approved, tuition and fees for a business degree at the UI would remain the lowest in the Big Ten conference.

About one-half of the money raised by the surcharge will pay for improvements in online technology and the other half will be used as a fund to finance student scholarships and activities to help students get experience in their fields of study.

Lola Lopes, associate dean for undergraduate programs in the College of Business Administration, says the surcharge is the only way the College will be able to provide the kinds of resources business students need to remain competitive.

"The ever-rising costs of technology and the increasing demand that business students have experiences outside the classroom is simply outracing our traditional sources of income," Lopes says. "Business students need on-line access to financial information from markets around the world, requiring state-of-the-art computers. They also need pre-professional workshops and real-world learning experiences to connect classroom principles with workplace practice."

"We think that a College-based surcharge is a good way to ensure that students who need special resources can have them without putting a financial burden on students who do not need them," Lopes says.

College administrators plan to meet with undergraduate students to discuss the surcharge. The College also plans to create an advisory council of students to review expenditures and make recommendations for the funds raised by the surcharge.

Details about the tuition surcharge proposal have also been posted on the College's website. The address is http://www.biz.uiowa.edu/

9/5/97