The elimination of course and program fees at the University of Colorado is one link in a yearslong chain of events focused on financial efficiency at CU, university officials said Monday.
The slashing of more than 60 fees tied to funding resources for different classes and academic programs starting in 2018 was touted as saving students more than $8 million, but its end was also a relief on the university’s strained resources and budget.
Processing each student’s potentially multiple course and program fees was estimated as taking about 3,000 hours of labor per academic year, costing about $150,000 in CU salaries and benefits to cover the employees doing the work, said Senior Vice Chancellor and Chief Financial Officer Kelly Fox.
“You step back and say, what value is that?” Fox said. “We decided it would be better to streamline.”
CU will continue to fund the course-related costs through increased revenue from higher enrollment and improved retention, said CU Chancellor Phil DiStefano.
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