CONTACT: STEVE PARROTT
5 Old Capitol
Iowa City IA 52242
(319) 335-0557; fax (319) 335-0558
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
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
"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/