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
|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
|Children’s Learning Center||$321,930|
|Workforce Development & Continuing Education||$513,907|
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.