April 22, 2019

SB 14-001: Limiting Tuition Increases at State Institutions of Higher Education

On Wednesday, January 8, 2014, Sen. Cheri Jahn and Rep. Leroy Garcia introduced SB 14-001 – Concerning Making College Education More Affordable by Imposing Further Restrictions on Tuition Increases, Increasing Financial Aid, and Increasing Operating Support for Each Governing Board of a State-Supported Institution of Higher Education by Eleven Percent, and, in Connection Therewith, Making an Appropriation. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

For fiscal years 2014–15 through 2015–16, the bill reduces from 9 to 6 percent the amount by which a governing board of a state institution of higher education may increase undergraduate, resident tuition; except that the Colorado school of mines may increase its tuition by the greater of 6 percent or twice the inflation rate. If a governing board wants to increase tuition by more than 6 percent, it must first receive authorization from the Colorado commission on higher education by submitting a financial and accountability plan.

The bill appropriates additional moneys to the department of higher education for financial aid, the college opportunity fund program, and the state institutions of higher education. The bill is assigned to the Education Committee.