Brings In Revenue To Higher Ed

Colorado ASSET will raise millions of dollars each year in additional tuition revenue for our financially-strapped institutions of higher education.

• The Colorado State Legislative Council Staff has prepared a non-partisan fiscal analysis of Colorado ASSET.
  • This fiscal note states that there will be no cost to the State for Colorado ASSET.
  • The fiscal note also determines that will be an increase in higher education tuition revenue the first year of $2.8 million and for future years an increase of $4.2 million per year.
  • The fiscal note states: “This bill will increase state tuition revenue based on the assumption that more students will attend state institutions of higher education than would without SB12-0015.”
  • The following information has been taken directly from the fiscal note:

Table 1 presents ranges of new tuition revenue based on an average standard-rate tuition amount of $4,748 at community colleges and $6,574 at four-year colleges annually. This amount is calculated by adding average resident tuition at the schools with 30 credit hours of COF stipends at $62 per hour ($1,860 total).

Table 1. Tuition Revenue Increases Under SB12-015