The Aims Community College Board of Trustees has voted unanimously to freeze tuition for the fourth consecutive year.
Despite tuition increases at other community colleges in Colorado, Aims’ financial performance during the 2012-13 year and its independence from the Colorado Community College System have enabled it to avoid an increase in costs to students.
“The board is very committed to reinvesting the money into the community,” Aims spokeswoman Jennifer L. Oliver said Thursday, one day after the board made its decision.
The college’s strong financial situation is, in part, due to the fiscal responsibility of the board in previous years. During the economic downturn, board members worked to put aside money from the budget to prepare for the coming years, Oliver said.
During the 2012-13 year, the college’s net position — the resources available for future operations — increased by 17.1 percent, according to the college’s audited financial statements.
That increase is partially responsible for Aims’ ability to continue to freeze tuition.
Oliver said the tuition freeze shows an effort on the college’s behalf to ensure that higher education is an attainable goal for their students.
Aims President Marsi Liddell said that in a time when student debt outweighs credit card debt, the college wants to help reduce their students’ financial burden as much as possible.
“It is very rewarding to know that our trustees keep the students first and foremost in their minds,” Liddell said.
Compared to other community colleges in the state, Aims’s tuition continues to be among the least expensive.
Based on a 15 credit-hour schedule for in-state students, Aims’ tuition is $1,140.40, roughly $652 cheaper than tuition at Community College of Denver and Front Range Community College.
Aim’s current tuition is about $951 less than Northeastern Junior College’s in-state tuition.
The college prides itself in the quality of the faculty and education that they are able to provide to their students, Oliver said.
“We try to do everything in our power to ensure that our students have every opportunity possible,” Liddell said.