USM Regents Advancement Committee Meets May 14, Followed by Same-Day Special Meeting of Board of Regents Regarding 2014-15 Tuition

Adelphi, Md. (May 12, 2014) -- The University System of Maryland (USM) Board of Regents Advancement Committee will meet at 11 a.m. on Wednesday, May 14. The meeting will be held in the Chancellor's Conference Room in the Elkins Building at the USM headquarters, 3300 Metzerott Road, Adelphi, MD.

The committee will hear several information items, including a discussion of the USM Foundation (USMF) role in endowment building and a report on to-date fundraising update for fiscal year (FY) 2014. The committee also will discuss implementation of the quasi-endowment plan, which followed from legislation permitting the USM to create a quasi-endowment of up to $50 million in order to generate income to enhance fundraising efforts. Background materials and the full agenda are available here.

At 1 p.m., a special public meeting of the full Board of Regents will be held in the Atrium of the USM headquarters. The board will vote on the FY 2015 schedule of tuition and mandatory fees and the FY 2015 operating budget.

As proposed, the 2015 resident undergraduate full‐time and part‐time tuition rates, along with summer school rates, will not increase by more than 3 percent for all institutions with the exception of Salisbury University. Resident undergraduate tuition at Salisbury University would increase by 6 percent, the fourth in a series of adjustments needed for that institution to reach market parity. Background materials and the agenda are available here.

Sign language interpreters and/or other appropriate accommodations for eligible individuals with disabilities will be provided upon request. Please call 301.445.2756 (voice) or 301.314.7683 (TTY/ITT) for special arrangements.

Directions to the USM office are available here.

Contact: Mike Lurie
Phone: 301.445.2719