Posted: Tuesday, March 28, 2017
Media Contact: Dave Costello, 815-921-4516
The Rock Valley College Board of Trustees met in regular session Tuesday night and approved a $15 per credit hour tuition increase, effective for the fall 2017 semester. The action was approved 4-1.
RVC’s per credit hour tuition rate will now be $115. The Student Activity fee will remain unchanged at $3 per credit hour and the Technology fee will remain unchanged at $7 per credit hour, bringing RVC’s total for tuition and fees to $125 per credit hour. RVC’s tuition and fees will still be in the lower third among all Illinois Community Colleges and will be well below the projected state average of $140 per credit hour. The total increase for a full-time student (30 credits per year) will be approximately $450 per year.
As the College attempts to build a balanced budget for FY18, the tuition increase will help the College close the financial gaps created by a loss of $2.9 million in state revenue (FY17 only) along with a $1.6 million deficit. Additionally, the College’s annual expenditures are anticipated to increase by approximately $1 million due to contractual wage obligations, benefit increases, and increases in day-to-day operational expenses.
Open registration for the fall 2017 semester begins April 12.