Articles Tagged ‘ Budget ’
Tuition to Rise Three Percent
The Board of Trustees unanimously voted to raise tuition for the 2010-2011 academic year by $300 at their Saturday, Dec. 5 meeting.
The tuition hike represents a three-percent increase for in-state students and slightly more than a two-percent increase for out-of-state students. The Board also voted to increase fees, room and board by three percent for [...]
Athletics Dept. Optimistic Despite Rising Costs, Increased Need for Fundraising
By Peter Sparklin, Sports Editor
Due to changes in funding and cost increases for programs and equipment, the Athletics Department has made several changes to its operations, including varsity team’s greater reliance on fundraising, staff cuts, and playoff restructuring.
Director of Athletics and Recreation Scott Devine said that operational changes in athletics departments because of monetary concerns has been going on [...]
College Operating Budget Turns to ‘Razor-thin’ Surplus
By Rosa Trembour, Staff Writer
In light of the recent economic downturn, the College has initiated a defensive budget strategy for fiscal year 2010 (FY10) and the future. Although it has not drastically changed from previous years, the new plan seeks to proactively increase the College’s revenue, and then spend that money as wisely as possible.
According to Chris True, the [...]
College Freezes Some Endowments, Will Continue to Cover Scholarships
Because of the current economic climate, St. Mary’s will no longer be receiving up to $875,000 of endowment support. However, the college’s administration has taken precautions to make sure that this downturn does not affect the valuable scholarships endowments provide.
Endowments are primarily handled by the St. Mary’s College foundation, a private organization founded in 1972 [...]
Referendum Sends a Message
By Justin Perry, Former Editor-in-Chief
On behalf of The Point News, I would like to congratulate the students of St. Mary’s for voting in favor of the Student Government Association’s referendum.
Not only did we allow the SGA to give much-needed aid to students and to the academic departments, but also we once again proved our dedication to maintaining – and [...]
Academic Budgets Cut
By Justin Perry, Former Editor-in-Chief
The College’s academic departments saw 15 percent of their yearly discretionary budget slashed earlier this spring, according to Provost Larry Vote and numerous department chairs.
Maryland Higher Education Student Advisory Council Representative Lauren Payne said the budget cuts were “unfortunate given that we are an Honors College and academics should be our first priority.” But, she [...]
SGA Urges Campus to Vote on All-Student Referendum
You might have heard a lot recently about the SGA All Student Referendum that is going on from Sunday February 22 through Wednesday February 25th. Wondering what it’s all about? Well here is a bit more information for you.
This referendum was created in response to a significant amount of concerns raised to a number of [...]
From the Chief’s Desk: Vote…and Vote Yes
By Justin Perry, Former Editor-in-Chief
While conducting interviews for “Academic Budgets Cut,” I was frequently stunned by the amount of discretionary funds that each academic department receives every fiscal year. The amounts, which often hovered around 35,000 dollars, were absolutely dwarfed by the Student Government Association’s budget of about 350,000 dollars per year. Even The Point News’ yearly allocation of [...]
(Read More)Is St. Mary’s Still a Great Value?
By Rowan Copley
It’s possible that St. Mary’s won’t be considered a great deal in education anymore, which is one of its greatest attractions to potential students.
Last semester students got a message sent out by Maggie O’Brien to all students and faculty informing us that there were some cuts being made in the budget of the school.
Most notably:
No [...]
(Read More)St. Mary’s Tuition to Climb By Five Percent
By Justin Perry, Former Editor-in-Chief
The Board of Trustees chose not to break from over a decade of precedent and voted last Saturday to once again raise the cost of obtaining a St. Mary’s education.
Tuition, fees and room prices will increase five percent for the 2009-2010 academic year, while meal plans will spike about 11 percent. The Board voted nearly [...]
