{"id":36056,"date":"2016-03-06T11:28:12","date_gmt":"2016-03-06T11:28:12","guid":{"rendered":"https:\/\/viconsortium.com\/?p=36056"},"modified":"2016-03-06T11:39:47","modified_gmt":"2016-03-06T11:39:47","slug":"u-v-i-board-raises-tuition-by-5-percent-approves-five-new-academic-degree-programs","status":"publish","type":"post","link":"http:\/\/wp.viconsortium.com\/?p=36056","title":{"rendered":"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs"},"content":{"rendered":"<p class=\"\"><span class=\"\">ST. THOMAS &#8212; In the regular session of its quarterly meeting on March 5, on the St. Thomas campus, the University of the Virgin Islands\u00a0Board of Trustees voted to raise tuition by 5 percent, add five new degree programs to its curriculum and welcomed its newest member Trustee Oran Bowry to the board, according to a press release the institution of higher learning issued on Saturday.<\/span><\/p>\n<p class=\"\"><span class=\"\">The tuition rate was increased by five percent, which will go into effect in fall semester 2016. Full-time undergraduate resident students will experience an increase of $221 per year or $110.50 per semester.\u00a0 Full-time undergraduate non-resident students will experience an increase of $662 per semester. The tuition increase does not affect room or board rates.<\/span><\/p>\n<p class=\"\"><span class=\"\">The tuition increase will result in the following rates:<\/span><\/p>\n<ul>\n<li><span class=\"\">Part-time Undergraduate Residents &#8211; $154 per credit<\/span><\/li>\n<li><span class=\"\">Full-time Undergraduate Residents &#8211; $4,631 per year<\/span><\/li>\n<li><span class=\"\">Graduate Residents &#8211; $386 per credit<\/span><\/li>\n<li><span class=\"\">Part-time Undergraduate Non-Residents &#8211; $463 per credit<\/span><\/li>\n<li><span class=\"\">Full-time Undergraduate Non-Residents &#8211; $13,892 per year<\/span><\/li>\n<li><span class=\"\">Graduate Non-Residents &#8211; $735 per credit<\/span><\/li>\n<\/ul>\n<p class=\"\"><span class=\"\">Dr. Hall said that the tuition increase was necessary to address deficit issues for this and next fiscal year, maintain quality programs and address other operating costs that continually go up. U.V.I.\u2019s departments and components were asked to reduce their budgets this fiscal year as well, according to the release.<\/span><\/p>\n<p class=\"\"><span class=\"\">\u201cWe are still, even with this increase, a very low tuition institution,\u201d said Dr. Hall, adding that U.V.I. is still lower in cost than competing institutions of higher learning.\u00a0 He said that the university has attempted always to make sure that any increase is moderate and that the financial aid U.V.I, is providing to students is greater than what the university is charging.\u00a0 He said that U.V.I. also ensures that <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/studentaid.ed.gov\/sa\/types\/grants-scholarships\/pell\" target=\"_blank\">Pell Grants<\/a><\/span> do not exceed U.V.I.\u2019s rates.<\/span><\/p>\n<div id=\"fb-root\"><\/div>\n<p><script>\/\/ <![CDATA[\n(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = \"\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v2.3\"; fjs.parentNode.insertBefore(js, fjs);}(document, 'script', 'facebook-jssdk'));\n\/\/ ]]><\/script><\/p>\n<div class=\"fb-video\" data-allowfullscreen=\"1\" data-href=\"\/viconsortium\/videos\/vb.606668529447389\/912559505524955\/?type=3\">\n<div class=\"fb-xfbml-parse-ignore\">\n<blockquote cite=\"https:\/\/www.facebook.com\/viconsortium\/videos\/912559505524955\/\"><p><a href=\"https:\/\/www.facebook.com\/viconsortium\/videos\/912559505524955\/\">UVI School of Medicine Groundbreaking event<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<p>The board also approved a change in the installment plan for the payment of tuition by permitting four installments per semester, effective Fall Semester 2016. The board voted to approve the elimination of all payments of interest related to the installment payment plan, and to replace the payment of interest with a one-time administrative fee of $45 for students who participate in the plan.<\/p>\n<p class=\"\"><span class=\"\">Also at Saturday&#8217;s meeting, the board voted\u00a0to approve five new academic degree programs. The Board approved three undergraduate degree programs to include:<\/span><\/p>\n<ul>\n<li><span class=\"\">Bachelor of Business Administration program in Accounting<\/span><\/li>\n<li><span class=\"\">Bachelor of Business Administration degree program in Management<\/span><\/li>\n<li><span class=\"\">Bachelor of Business Administration degree program in Marketing<\/span><\/li>\n<\/ul>\n<p class=\"\"><span class=\"\">Previously, the School of Business offered an overall bachelor of arts for all business degrees, which had certain course requirements that required students to take a lot of courses outside of the business area.<\/span><\/p>\n<p class=\"\"><span class=\"\">Under the new bachelor of business administration (BBA) format there is room for a total of ten courses in the area of specialization, two of which may be electives to provide students the opportunity to explore other disciplines. As a result, the new BBA Management Major and BBA Marketing Major will ultimately replace the current concentrations in these areas.<\/span><\/p>\n<p class=\"\"><span class=\"\">The Board also approved two graduate degree programs to include the master of accounting degree program and executive master of business administration degree program.<\/span><\/p>\n<p class=\"\"><span class=\"\">The executive master of business administration degree program distinguishes itself from the traditional master in business administration program in two major ways. First, it will target students who are currently employed in executive capacities in their organizations, but who lack graduate credentials. Second, the course offerings will not follow the traditional scheduling format, but will utilize a variety of formats that may include intensive weekend classes, study abroad for short periods, online meetings and seminars that will fit the schedules of busy executives.<\/span><\/p>\n<p class=\"\"><span class=\"\">\u00a0\u201cThe way executive MBA\u2019s are structured, allows someone who is running a company to come and get their degree by having intensive programs on the weekends, etc.,\u201d said U.V.I. President David Hall. \u201cIt will not only provide that for Virgin Islanders, but Executive MBA\u2019s can attract individuals from all over the world. This is a major step forward for our School of Business.\u201d<\/span><\/p>\n<p class=\"\"><span class=\"\">Additionally, the new master of accounting degree program will enable students who wish to do so to complete their professional examinations for the certified public accountant, certified management accountant,certified fraud examiner or chartered financial analyst before final graduation.<\/span><\/p>\n<p class=\"\"><span class=\"\">In other action, the board unanimously approved a resolution to move forward with a contract for education-related services (CERS) between the Council of Community Colleges of Jamaica (C.C.C.J.) and U.V.I.<\/span><\/p>\n<p class=\"\"><span class=\"\">Many of the members colleges, within C.C.C.J\u00a0 offer courses at an entry or lower level, but lack advanced level courses, particularly in the area of sociology. U.V.I. has signed a Memorandum of Understanding, whereby U.V.I. will provide C.C.C.J. with its curriculum in upper level sociology and other courses.\u00a0 U.V.I. will monitor the faculty chosen by C.C.C.J. to deliver the curriculum, and conduct periodic site visits to ensure the material is being taught in adherence with U.V.I.\u2019s standards of instruction.\u00a0 The program begins in fall 2016.<\/span><\/p>\n<p class=\"\"><span class=\"\">The contract for education-related services is also a revenue generator for U.V.I..\u00a0 The University will receive $400 per student, per course for U.V.I. programs delivered in Jamaica.<\/span><\/p>\n<p class=\"\"><span class=\"\">For students at Jamaica\u2019s community colleges this agreement offers an opportunity to earn a bachelor\u2019s degree in sociology or other academic areas from U.V.I., while staying on their home campus.<\/span><\/p>\n<p class=\"\"><span class=\"\">The Jamaica contract is in keeping with a new business model, Dr. Hall said, whereby U.V.I. works with other colleges and universities \u2013 especially in the Caribbean \u2013 to enhance their academic offerings. Since fall 2015 U.V.I. has been offering courses to students on the campus of the University of St. Martin.<\/span><\/p>\n<p class=\"\"><span class=\"\">\u201cRight now we have no foothold in Jamaica. This will allow us to create that foothold,\u201d Dr. Hall said.<\/span><\/p>\n<p class=\"\"><span class=\"\">During Saturday\u2019s board meeting, Dr. Hall conferred the President\u2019s Appreciation Award to Dr. Timothy Faley, distinguished professor in the School of Business, for spearheading the creation of brand new Innovation Centers located on the St. Thomas Campus and Albert A. Sheen Campus on St. Croix.<\/span><\/p>\n<p class=\"\"><span class=\"\">\u201cThe White House has encouraged Historically Black Colleges and Universities to develop innovation centers in keeping with practices on most college campuses. We consulted with Howard University and other schools,&#8221; Dr. Hall said. <\/span><\/p>\n<p class=\"\"><span class=\"\">He added: &#8220;Dr. Faley took the lead, pulled together a team, and found the ideal physical space, which are our libraries.\u201d<\/span><\/p>\n<p class=\"\"><span class=\"\">The Innovation Centers opened in January 2016. Each center is equipped with computers, work tables, white boards and a 3-D printer classroom. Students are encouraged to use the centers to brainstorm and create projects in science, technology, entrepreneurship and math.<\/span><\/p>\n<p class=\"\"><span class=\"\">The Board also approved:<\/span><\/p>\n<ul>\n<li><span class=\"\">A revised fiscal year 2016 operating budget of $45.4 million in revenues and total expenditures and transfers of $45.3 million.<\/span><\/li>\n<li><span class=\"\">A resolution to authorize a revised U.V.I. naming policy<\/span><span class=\"\"> that <\/span><span class=\"\">clarifies the obligations required by the university and the donor as well as identifying responsible parties for assessing appropriate naming opportunities.<\/span><\/li>\n<li><span class=\"\">A resolution for a U.V.I. gift acceptance policy that ensure donations received by the University are consistent with its mission and vision, as well as adhering to higher education and IRS standards.<\/span><\/li>\n<li><span class=\"\">A resolution for a revised Campaign for UVI Case Statement, which promotes and guides all activities pertaining to the Campaign for UVI initiative.<\/span><\/li>\n<li><span class=\"\">A resolution for a sub-recipient monitoring policy<\/span><span class=\"\">, which was <\/span><span class=\"\">developed to ensure compliance with laws, regulations, and the provisions of contracts or grant agreements.<\/span><\/li>\n<li><span class=\"\">A motion that authorizes the president to use a portion of a $42,288 operating budget surplus for marketing and promotion that reflects what the president produces to the board on the achievement of the university and it accomplishments, especially that of its students. The funds are to be used as a print media campaign.<\/span><\/li>\n<li><span class=\"\">An amendment to the U.V.I. bylaws in regard to the audit committee<\/span><\/li>\n<\/ul>\n<p class=\"\"><span class=\"\">U.V.I.\u2019s key performance indicators and the results of a U.V.I. alumni employment survey were also presented to the board. They also heard an update on the institution&#8217;s <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/viconsortium.com\/featured\/vi-launches-construction-of-school-of-medicine-facilities-with-groundbreaking-ceremony\/\" target=\"_blank\">School of Medicine<\/a><\/span>.<\/span><\/p>\n<p class=\"\"><span class=\"\">While in executive session, the board approved the minutes from a Dec.8, 2015 meeting; consideration of certain agreements with 5 Stone Green Capital were tabled pending resolutions of certain title issues; received an update on the financial management external review budgetary review audit; discussed certain personnel issues and received an update on legal matters.<\/span><\/p>\n<p class=\"\"><span class=\"\">The next meeting of the U.V.I. Board of Trustees is scheduled for June 4, on U.V.I.\u2019s Albert A. Sheen Campus on St. Croix.<\/span><\/p>\n<p class=\"\"><em>Feature Image: Dr. David Hall speaking during U.V.I.&#8217;s School of Medicine <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/viconsortium.com\/featured\/simulation-center-to-drive-economy-with-20000-hotel-room-stays-per-year-30-million-minimum-economic-boost\/\" target=\"_blank\">groundbreaking event<\/a><\/span> on the university&#8217;s St. Croix campus on Thursday.<\/em><\/p>\n<p class=\"\"><em>Image Credit: VIC.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ST. THOMAS &#8212; In the regular session of its quarterly meeting on March 5, on the St. Thomas campus, the University of the Virgin Islands\u00a0Board of Trustees voted to raise tuition by 5 percent, add five new degree programs to its curriculum and welcomed its newest member Trustee Oran Bowry to the board, according to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":36062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[228,3,1078,11,191,2474,147],"tags":[4673,4674,3650,4672,1014],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs - V.I. Consortium<\/title>\n<meta name=\"description\" content=\"Find Virgin Islands new, opinion, politics, lifestyle, business and more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/wp.viconsortium.com\/?p=36056\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/wp.viconsortium.com\/?p=36056\",\"url\":\"http:\/\/wp.viconsortium.com\/?p=36056\",\"name\":\"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs - V.I. Consortium\",\"isPartOf\":{\"@id\":\"http:\/\/wp.viconsortium.com\/#website\"},\"datePublished\":\"2016-03-06T11:28:12+00:00\",\"dateModified\":\"2016-03-06T11:39:47+00:00\",\"author\":{\"@id\":\"http:\/\/wp.viconsortium.com\/#\/schema\/person\/39b3006bfe8aca8c2131c695b7505c09\"},\"description\":\"Find Virgin Islands new, opinion, politics, lifestyle, business and more\",\"breadcrumb\":{\"@id\":\"http:\/\/wp.viconsortium.com\/?p=36056#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/wp.viconsortium.com\/?p=36056\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/wp.viconsortium.com\/?p=36056#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/wp.viconsortium.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/wp.viconsortium.com\/#website\",\"url\":\"http:\/\/wp.viconsortium.com\/\",\"name\":\"V.I. Consortium\",\"description\":\"Uniting the Caribbean\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/wp.viconsortium.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Person\",\"@id\":\"http:\/\/wp.viconsortium.com\/#\/schema\/person\/39b3006bfe8aca8c2131c695b7505c09\",\"name\":\"Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"http:\/\/wp.viconsortium.com\/#\/schema\/person\/image\/\",\"url\":\"http:\/\/2.gravatar.com\/avatar\/2f92cdebdd3d534234e61f7a1b9fbfa8?s=96&d=mm&r=g\",\"contentUrl\":\"http:\/\/2.gravatar.com\/avatar\/2f92cdebdd3d534234e61f7a1b9fbfa8?s=96&d=mm&r=g\",\"caption\":\"Staff\"},\"url\":\"http:\/\/wp.viconsortium.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs - V.I. Consortium","description":"Find Virgin Islands new, opinion, politics, lifestyle, business and more","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/wp.viconsortium.com\/?p=36056","twitter_misc":{"Written by":"Staff","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/wp.viconsortium.com\/?p=36056","url":"http:\/\/wp.viconsortium.com\/?p=36056","name":"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs - V.I. Consortium","isPartOf":{"@id":"http:\/\/wp.viconsortium.com\/#website"},"datePublished":"2016-03-06T11:28:12+00:00","dateModified":"2016-03-06T11:39:47+00:00","author":{"@id":"http:\/\/wp.viconsortium.com\/#\/schema\/person\/39b3006bfe8aca8c2131c695b7505c09"},"description":"Find Virgin Islands new, opinion, politics, lifestyle, business and more","breadcrumb":{"@id":"http:\/\/wp.viconsortium.com\/?p=36056#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["http:\/\/wp.viconsortium.com\/?p=36056"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/wp.viconsortium.com\/?p=36056#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/wp.viconsortium.com\/"},{"@type":"ListItem","position":2,"name":"U.V.I. Board Raises Tuition By 5 Percent; Approves Five New Academic Degree Programs"}]},{"@type":"WebSite","@id":"http:\/\/wp.viconsortium.com\/#website","url":"http:\/\/wp.viconsortium.com\/","name":"V.I. Consortium","description":"Uniting the Caribbean","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/wp.viconsortium.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Person","@id":"http:\/\/wp.viconsortium.com\/#\/schema\/person\/39b3006bfe8aca8c2131c695b7505c09","name":"Staff","image":{"@type":"ImageObject","inLanguage":"en","@id":"http:\/\/wp.viconsortium.com\/#\/schema\/person\/image\/","url":"http:\/\/2.gravatar.com\/avatar\/2f92cdebdd3d534234e61f7a1b9fbfa8?s=96&d=mm&r=g","contentUrl":"http:\/\/2.gravatar.com\/avatar\/2f92cdebdd3d534234e61f7a1b9fbfa8?s=96&d=mm&r=g","caption":"Staff"},"url":"http:\/\/wp.viconsortium.com\/?author=3"}]}},"_links":{"self":[{"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/posts\/36056"}],"collection":[{"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36056"}],"version-history":[{"count":0,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/posts\/36056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=\/wp\/v2\/media\/36062"}],"wp:attachment":[{"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36056"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/wp.viconsortium.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}