St. Thomas University News Release
May 13, 2004
STU Budget for 2004-2005
St. Thomas University’s Board of Governors yesterday approved the budget for the 2004 - 2005 fiscal year and announced revisions to the University’s fee levels.
The new budget for St. Thomas University includes a tuition fee increase of $220, or 6 per cent, bringing the tuition for full-time students to $3,915 from $3,695.
“St. Thomas University has led the way in keeping our tuition fees at the very lowest level possible to protect students from increased costs. Our tuition is still, by far, among the lowest in the Maritime Provinces,” said Dr. Daniel O’Brien, President of St. Thomas. “In addition, we continue to be the only university in the Maritimes to include a health plan, valued at approximately $100, as part of our tuition fees.”
Dr. O’Brien added, “The University must continue to be affordable and accessible, while maintaining our commitment to a quality agenda, and to providing our students with access to an educational experience which is second to none. This high quality programming demands an adjustment in fees to allow us to invest in faculty, services and facilities to keep pace with the expectations of our students.
The University budget also assures that St. Thomas will continue to provide students with the most generous undergraduate scholarship and bursary program in Eastern Canada. St. Thomas devotes more of its operating budget to scholarships and bursaries than any other university in this region. It annually commits in excess of one million dollars in scholarships to full-time students entering their first year of a degree program directly from high school. In fact, one in every two of our first-year students holds an entrance scholarship, and one in every eight of these recipients holds a renewable award ranging in value from $2,000 to $43,000 over four years.
Residence fees will also increase. A double room with a basic meal plan will increase by $330, bringing it to $5,330, one of the lowest rates in the Maritimes.
In other business, Dr. Daniel O’Brien has accepted the Board’s request to extend his term as President and Vice-Chancellor at St. Thomas University until June 2006. The Board made its decision to ensure adequate time for defining and conducting a search process for his successor. The Board also believes the extension will allow several current capital and fund-raising initiatives to be completed under Dr. O’Brien’s experienced leadership.