2008 Woodie Awards
University of Oregon may be going private
Funds appropriated to U of O aren't likely to be dispersed among other public universities
Jeff Gale
Issue date: 10/22/07 Section: News
The move would give the University of Oregon more flexibility with tuition prices. It would give the school the option to increase or decrease tuition however it saw fit. Currently it is restricted to a maximum of a 3 percent increase per year.
The advantage to this new system is that the university will be able to borrow money, making expansion much easier with less red tape.
The university will lose state funding either in part or in its entirety, but the school may receive transitional funding while it undergoes transformation from public to private.
If the University of Oregon were to transform into a public corporation, the move would not result in more funds for the rest of Oregon's public universities.
"Currently the interest gained on all tuition received is retained by the State of Oregon and can be used in any manner by the state," said Diane Saunders, director of communications for the OUS.
A public corporation would allow the University of Oregon to keep the interest earned on the tuition collected and therefore could be put back into the university itself in the form of grants, more student groups, and more.
The advantage to this new system is that the university will be able to borrow money, making expansion much easier with less red tape.
The university will lose state funding either in part or in its entirety, but the school may receive transitional funding while it undergoes transformation from public to private.
If the University of Oregon were to transform into a public corporation, the move would not result in more funds for the rest of Oregon's public universities.
"Currently the interest gained on all tuition received is retained by the State of Oregon and can be used in any manner by the state," said Diane Saunders, director of communications for the OUS.
A public corporation would allow the University of Oregon to keep the interest earned on the tuition collected and therefore could be put back into the university itself in the form of grants, more student groups, and more.
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