For the third straight year, student tuition will remain flat at the College of DuPage.
The COD Board of Trustees on March 16 voted to keep tuition flat for the fall 2017 and spring and summer 2018 terms.
"We are in a fiscally good place where we can keep tuition frozen," board Chairwoman Deanne Mazzochi said during the meeting.
In-district students will continue to pay $135 per credit hour – $102.15 in tuition, plus a $32.85 fee. Out-of-district Illinois students will continue to pay $322 per credit hour. Trustees needed to make a decision by March on tuition rates for the fall semester.
In accordance with state policies, in-district student tuition and fees cannot exceed one-third of the per capita cost as defined in the chargeback reimbursement calculation, COD Vice President of Administration and Treasurer Brian Caputo told trustees. In the college's comprehensive annual financial report for 2016, one-third of the per capita cost was calculated at $148.81.
He told trustees the college was in a strong financial position because of an adequate level of reserves. Mazzochi previously had said COD currently has more than $100 million in unrestricted funds in its reserve fund.
COD President Ann Rondeau applauded the board's decision.
“It is our duty as this district’s community college to open doors and provide an experience for our students that is both affordable and often pivotal in changing their personal and professional lives,” she said in a statement. “I am very pleased with the Board’s decision. It is through continued vigilance in spending our taxpayer dollars wisely that the bottom line will result in benefits for our students.”