WBU Board approves capital campaign, new budget, and tuition rise
PLAINVIEW – During the regular spring meeting, the Board of Trustees of Wayland Baptist University approved administrators moving forward with a major capital gifts campaign in conjunction with the university’s centennial celebration coming in 2008. The board also approved a rise in tuition and a $45 million budget.
Specifically, the board approved continuing an arrangement with Cargill Associates of Fort Worth to supervise and guide a capital campaign aimed at improvements on the Plainview campus and in San Antonio. Two simultaneous campaigns would be held to support additional building ventures at the South Texas campus, one of the largest in the Wayland system, as well as needed improvements, facilities and scholarships on the main campus in Plainview. Specific details with regard to monetary goals and objectives are to be determined soon.
The rise in tuition rates will take effect with the 2007-08 catalog and new school year. On the Plainview campus, the undergraduate tuition rate will be $355 per credit hour, with graduate tuition at $285 per hour, a decrease of $55 from the current rate of $340. No increase was requested for concurrent students enrolled in Plainview from the current rate of $100 per course.
For Wayland’s 12 external campuses, the tuition for undergraduate courses will be $170 per hour, $15 up from the $155 current rate; graduate courses will rise from $180 to $205 per hour. Rates for concurrent students will rise by $15 to $170 per course. In addition, the tuition rate for nursing courses in the new Bachelor of Science in Nursing program in San Antonio were set at $270 per semester hour. Wayland’s Virtual Campus, one of the fastest growing in the system, will experience tuition raises as well. Undergraduate courses will rise $20 to $250 per hour, and graduate courses will be $285 per hour, up $30 from the current rate.
After hearing a report on the strong financial status of the university, trustees approved a budget for the 2007-08 fiscal year of $45,902,996, a 10.99 percent increase over the current budget. The increase reflects the addition of several new faculty positions and rises in the general operating expenses.
Changes to the undergraduate admissions policy were approved as well, relating primarily to changes in transfer student requirements and a new category for non-degree admissions. Under the new policy, first-time freshmen or transfer students over the age of 22 will not be required to submit ACT or SAT scores with an application. Also, incoming transfers must have at least a 1.6 grade point average if less than 60 transcripted hours are completed; a 2.0 is required if more than 60 hours are completed.
A new category of self-improvement admission was added to the revised policy for non-degree seeking students who wish to take courses for credit but not pursue a full degree. Those students must complete an application for admission and, after 12 hours of coursework, must apply for degree-seeking admission or reapply for continued non-degree seeking status.
In other business, trustees approved sabbaticals for three faculty members and promotions for several others, to take effect July 1, 2007. More information on those will be released at a later date.