WHEREAS, pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University, established as a body corporate, possesses the authority to make decisions regarding the financial management and operational policies of Winthrop University;
WHEREAS, the Bylaws of the Winthrop University Board of Trustees empower the Board to authorize the collection and use of fees, ensuring the financial stability and operational efficacy of the University;
WHEREAS, the current method of charging tuition is complex, confusing, overstates the tuition rate by combining mandatory fees, and caps tuition at 12 credit hours, potentially foregoing substantial revenue;
WHEREAS, aligning tuition pricing and charging tuition solely on the basis of enrolled credit hours creates institutional efficiencies,
WHEREAS, the University has proposed three options to modify the charging and publishing of tuition pricing that will provide for greater transparency for the institution and our students;
WHEREAS, the Board of Trustees carefully considered and deliberated the advantages and disadvantages of each of the three tuition proposals recognizing the value of each;
NOW, THEREFORE, BE IT RESOLVED that on December 17, 2024, in accordance with the authority vested by S.C. Code Ann. §59–125–1, et. seq., and the duties and responsibilities outlined in the Bylaws of the Winthrop University Board of Trustees, the Board hereby approves the proposed option so indicated by an affixed “X” in the space preceding the approved option below:
____ Option 1 – Current Rates with Mandatory Fees Removed
____ Option 2 – Per Credit Hour Rates, Cap Converted at 12 Student Credit Hours
__X__ Option 3 – Tiered Tuition, Cap Converted at 15 Student Credit Hours
BE IT FURTHER RESOLVED that this approval encompasses all tuition rates as detailed in the proposed tuition options for the 2025-26 Academic Year, which are hereby attached and incorporated by reference into this resolution.
IT FURTHER RESOLVED, the Acting Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 17th Day of December 2024, in a special meeting. Such resolution shall be maintained and publicly posted by the Acting Secretary of the Board in a time and manner as required by law.