Student tuition assistance.

05LSO-0345.L6

                                                         

FISCAL NOTE

 

This bill contains an appropriation of $2,751,392 from the GENERAL FUND to the Community College Commission.

 

The appropriation to the community college commission is equal to the anticipated expenditures in FY 2006.

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
COMMUNITY COLLEGE COMM	2,751,392	5,089,112	5,249,844

 

Source of expenditure increase: Scholarships to qualifying students

 

Assumptions:

 

Estimate assumes 1,211 high school graduates qualifying in the first year. This number is assumed to hold constant over the next three years.

 

A tuition and fee cost of $1,772 is assumed for the first year, and is increased by 4% per year. Estimate also includes an allowance for books of $250 per semester. Assume 79.36% of community college students enrolled full-time maintain a grade point average of 2.5 or above. Assume 100% retention rate from freshman to sophomore, and assume all students finish at community colleges in two years.

 

Note: The above estimates are based on the number of Wyoming high school graduates with a grade point average of 3.0 or above admitted to a Wyoming Community College during the 2004-05 school year (1,211 students). It is assumed that all qualifying admitted students will enroll. For purposes of this estimate, it is assumed that the additional requirements in the bill pertaining to course completion, demonstrated proficiency, and ACT composite score are met.

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881