There are three parts to the Tuition Cycle:
- Setting Tuition Rates for Next Year – Each year, with guidelines from the Systems Office and input from the Colleges, UIC proposes the tuition rates for the next academic year. The proposal must be approved by the Chancellor, the President, and ultimately the Board of Trustees.
- Setting the Tuition Budget for Next Year – Once the new rates are approved, a Tuition Budget is projected for the next academic year. The projection is based on estimated Fall enrollment and is refined several times as more information about enrollment becomes available.
- Tracking Budget to Actual Tuition Revenue – After Fall semester begins, Tuition Revenue is estimated based on actual Fall student assessments. This estimate is refined several times as more information, including actual Spring student assessments becomes available.
The table below shows the approximate timing for the different steps in the Tuition Cycle. Heading link
|Month||Setting Tuition Rates for Next Year||Setting the Tuition Budget for Next Year||Tracking Budget to Actual Tuition Revenue|
|September||Request Tuition Proposals from Colleges||Preliminary Tuition Revenue Estimate|
|November||Tuition Proposal Due to Systems Office|
|December||Revised Tuition Revenue Estimate|
|January||New Rates Approved by Board of Trustees|
|February||Preliminary Tuition Budget Projection||Revised Tuition Revenue Estimate|
|March||New Rates Implemented for Next Year|
|April||Revised Tuition Budget Projection|
|May||Revised Tuition Revenue Estimate|
|June||Final Budget Tuition Projection|
|July||Final Tuition Revenue Estimate|