MSU Denver’s Board of Trustees Renews President’s Contract And Approves 2013-14 Tuition
Trustees Notes Positive Trends of Growth, Excellence and Achievement
Contact: Tim Carroll, Office 303-556-5136, Cell 303-870-7405
Cathy Lucas, 303-916-1002
Posted: June 6, 2013
(Denver) — Metropolitan State University of Denver’s Board of Trustees voted to renew President Stephen Jordan’s contract for another two years, with the possibility of three one-year extensions, citing significant progress in enhancing the University’s educational quality, student recruitment and retention, diversity and inclusive excellence, creation of public, private partnerships, and the overall increased reputation of the University – locally, regionally and nationally.
“Dr. Jordan’s game-changing approach has led MSU Denver on a rapid trajectory to become Colorado’s urban land grant university” said Board of Trustees Chair Rob Cohen.
Under Jordan’s leadership, the institution has achieved university status, launched its first master’s degree programs, increased undergraduate enrollment at record levels while boosting the student of color population by six percent, seen plans for a new Hotel and Hospitality Learning Center and the Student Success Building come to fruition, and launched a $100 million capital campaign. Amid deep budget cuts, Jordan established nationally recognized initiatives to retool and reposition the University for the future.
This past year, Jordan was recognized as a champion for undocumented students when MSU Denver adopted a tuition rate which served as a catalyst for passage of statewide legislation benefitting such students.
“Dr. Jordan’s innovative spirit and commitment to serve all of Colorado’s students has had a great impact on higher education in Colorado,” said Vice Chair Michelle Lucero.
“Since I arrived in 2005, we have made important advances towards becoming the preeminent public urban university and I look forward to continuing to work on this through important initiatives such as the development of the Aerospace and Advanced Manufacturing building and the Athletics Complex,” said Jordan.
The renewed contract will take effect July 1, 2013, and President Jordan’s annual salary will be $311,000. The contract will include a deferred compensation agreement, which has not been finalized but the purpose for which an annual contribution of $85,000.00 has been agreed upon.
2013-14 Tuition Set
The Board also approved 2013-14 tuition rates for its resident and non-resident students based on an overall increase of 9 percent. This is in line with all other higher education institutions across the state and, even with this increase, MSU Denver still has the lowest four-year tuition rate in the state and remains 17% lower in combined tuition/fees than the next lowest institution.
The Board’s approval means resident tuition will be $16.10 per credit hour; capped at $2,345.40 for 12 to 18 undergraduate credit hours. The net impact of the tuition increase and student fees result in an increase of $200 (7.5 percent) for a student taking 13 or more credit hours per semester.
MSU Denver’s undocumented students, as defined within 2012’s SB13-033 (ASSET Bill), are eligible for in-state tuition rates; wherein undocumented students pay the undergraduate resident tuition rate. The net affect for these students is nearly a 30 percent reduction in tuition and fees from FY13.
Tuition for all students qualifying as out-of-state will increase by 5 percent or $33.30 per undergraduate credit hour; capped at $8,392.20 for 12 to 18 credit hours.
“MSU Denver’s ongoing goal as an urban institution is to provide high quality, high value and accessible education which transforms the lives of our 23,000 students,” says Dr. Stephen Jordan, MSU Denver President. “We strive to keep our tuition as low as possible while providing the academic rigor and services our students need to succeed in today’s highly competitive workplace.”
The new tuition rates take effect in fall 2013 per MSU Denver’s five-year Financial Accountability Plan submitted to and approved by the Colorado Commission on Higher Education (CCHE) in October 2010.
In related news, MSU Denver is among the top low-cost colleges in the country where a graduate can wind up with a high starting salary according to AffordableCollegesOnline.org.
About Metropolitan State University of Denver
MSU Denver is the leader in educating undergraduate Coloradans and enrolls the highest number of students of color among the state’s four-year colleges. The University currently has 23,000 students and offers 55 majors and master’s degrees in accounting, teaching and social work. It boasts more than 75,000 alumni, the bulk of whom remain in Colorado after graduation.