Provost Talks to Lawmakers on the Benefits of Penn State Ownership | Penn State, State College News
On October 4, Penn State provost Nick Jones gave lawmakers an overview of the university’s use of funds for the benefit of students and its impacts on budgeting processes.
Jones, along with budget officials from other universities linked to the state of Pennsylvania, spoke to lawmakers at a joint hearing of the Pennsylvania Appropriations Subcommittee on Education and the Subcommittee on Education. education on higher education.
Pennsylvania resident students are the beneficiaries of the appropriation, according to a statement by Jones in a press release.
Jones said the college credits helped students attend college at a “dramatically” reduced tuition rate.
State funds are applied to the education budget and the general budget of Penn State, which supports the educational mission of the university.
The budget uses public funds to pay for student education expenses, technology needs, and faculty and staff salaries.
The E&G budget is funded by tuition fees, state credits, and federal government funding.
According to a statement by Jones, 44,593 undergraduates resident in Pennsylvania were granted ownership, and without state ownership, the university would have a variance of $ 242.1 million that would have been paid with fees. of schooling.
No alternative funding mechanism could replace ownership, according to a statement in the press release.
According to the press release, in line with its commitment to access, affordability and student success, Penn State is working to control tuition fees and provide a scholarship to students.
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