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 Funds
  • 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
Restricted Funds
  • 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
Auxiliary Funds
  • 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

PA Residents
  • Tuition per credit hour - $319
  • Tuition and fees per credit hour - $375
  • Annual tuition and fees based on 15 credits per semester - $11,250
Out-of-state Residents
  • 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.

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Williamsport, PA 17701

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800-367-9222

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