Budget & Funding 2007-08
Operating Budget — $88,342,511
4.62 percent increase over the previous year
5.93 percent increase in tuition and fees for PA residents
State Appropriation — $14,694,006
includes debt service and special appropriation, a 1.73 percent increase over the previous year
- Unrestricted scholarships - $77,667
- Gifts and donations - $200,000
- Use of college resources - $5,000
- Parking permit fund - $370,000
- Renewal and replacement - $73,856
- Grants, contracts and restricted donations - $25,514,569
Debt Service Fund
- Money received and expended for debt obligations for outstanding bond issues - $2,166,069
- Food Services - $2,765,462
- Children’s Learning Center - $321,930
- College Store - $1,523,844
- Workforce Development & Continuing Education - $513,907
- Student Activities - $1,308,958
- Housing - $6,916,039
- IMC - $1,392,464
Tuition & Fees
- Tuition per credit hour - $319
- Tuition and fees per credit hour - $375
- Annual tuition and fees based on 15 credits per semester - $11,250
- Tuition per credit hour - $415
- Tuition and fees per credit hour - $471
- Annual tuition and fees based on 15 credits per semester - $14,130
Fees include $15-per-credit-hour technology fee $36-per-credit-hour capital fee $28-per-credit-hour laboratory fee $5-per-credit-hour student activity fee
Penn College awarded $1,231,537 in student scholarships in 2007-08, a 25.1 percent increase over the previous year.
Grant funding supported 46 projects valued at $26.9 million in 2007-08, with another $20.1 million (44 projects) under development for 2008-09. These projects are in addition to the $22.5 million statewide WEDnetPA contract for 2007-08.
When state legislators delivered an unexpected increase of $250,000 in the college’s 2007-08 state appropriation, the administration and board of directors returned the additional funds to students who enrolled in the spring semester. A student enrolled for a typical 15-credit load received a $45 credit.
Enrollment reached an all-time high of 6,811 students in Fall 2007. Bachelor-degree enrollments increased more than 5 percent; students in four-year programs of study accounted for 41 percent of total enrollment.