Thursday, October 8, 2015

College of Charleston contends with $1.5 million budget shortfall - Paul Bowers, Post and Courier

The College of Charleston must make spending cuts this year to deal with a $1.5 million budget shortfall, according to a college spokesman. School leaders have not yet decided where they will trim spending, but they do know the reason for the shortage: Not enough out-of-state students enrolled this year, meaning that the college is missing out on revenue from those students’ higher tuition rates. The undergraduate tuition rate for nonresident students at C of C is $28,444 a year, compared to $10,900 for in-state students.

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