University: Obamacare Partly to Blame for Fee Increase

Tuesday, 24 Jun 2014 07:43 PM

By Jason Devaney

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The University of South Carolina says it will raise its tuition rates in 2015, and Obamacare is partly to blame.

The school is facing an additional $18 million in operating costs, which include implementing the Affordable Care Act, providing state-mandated pay raises to employees, and increasing retirement benefits, reports The Times and Democrat.

Tuition will increase at an average of 3.2 percent, which amounts to about $171 per semester for students who reside in South Carolina, on the school's Columbia campus.

"State policy on funding public higher education is fast evolving," USC Chief Operating Officer Ed Walton said in The Times and Democrat story. "While state support for many public entities is being restored and sometimes surpassing pre-recession levels, the state's public higher education system is being increasingly funded by student tuition."

In-state support for the university has dwindled in recent years, according to the report, with a decrease of almost 40 percent since 2008. Tuition has been relatively low, at an average of $2,700 for the fall 2013 semester.

"We are now at a critical tipping point," USC president Harris Pastides said in the report. "The current trajectory is no longer sustainable for our students, parents and taxpayers.

"We must ensure all South Carolinians have access to an affordable college education and the opportunity to earn workforce-ready baccalaureate degrees. Our state's future economic prosperity depends on it."

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Jeffries: Rapper Jay Z Had Better Security Than Obama

Thursday, 02 Oct 2014 10:25 AM

Speaking out against recent Secret Service gaffes, at least one member of Congress is noting that it's a sad day when a  . . .

Hillary Intimate, Emotional at Gathering of Military Families

Thursday, 02 Oct 2014 10:09 AM

Former Secretary of State Hillary Clinton appeared to let down her guard at an event with military families in New York  . . .

Politico: Obamacare Fate Hangs On Supreme Court Rulings

Thursday, 02 Oct 2014 09:59 AM

The U.S. Supreme Court is set to rule on whether it will hear three controversial Obamacare cases affecting millions of  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved