AN ACT TO STUDY THE IMPACT OF ESTABLISHING A REDUCED FIXED FOUR-YEAR TUITION PLAN FOR CONSTITUENT INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA AND TO APPROPRIATE FUNDS TO CONDUCT THE STUDY.
Requires the Friday Institute for Educational Innovation at NC State University (The Friday Institute) to study the impact of establishing an in-state tuition rate for undergraduate students at the constituent institutions of The University of North Carolina, other than those participating in the NC Promise Tuition Plan, at a fixed rate of $2,500 per semester for four academic years of continuous student enrollment. Sets out seven issues that must be considered in the study, including the economic impact on families and undergraduate students to have an opportunity to attend a constituent institution under the plan, including reduction of student loan debt and long-term financial benefits, the economic impact on enrollment at constituent institutions by each institution and the corresponding effect on their budgets, and the sustainable cost for campuses that are already near or at the tuition rate of $2,500 per semester for a four-year period. Requires a report on the results of the study to the specified NCGA committees and division by February 1, 2021.
Appropriates $100,000 in nonrecurring funds for 2020-21 from the General Fund to the UNC Board of Governors to be allocated to The Friday Institute to conduct the study.
Effective July 1, 2020.
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