Further thoughts on CASHNet
The responses about CASHNet are thought provoking. Since all three posts were submitted by Anonymous correspondents, I’ll direct my attention to the post with questions.
OIT’s Business Office estimates saving about $50,000 per year, when the system is fully implemented, in mailing and other costs associated with billing. The costs savings are realized by students, as it helps offset the rise of tuition costs. While the convenience fee associated with using a credit card seems to be an unexpected cost, you must realize that every business transaction utilizing a credit card results in a transaction fee paid by the consumer. OIT is being transparent with this cost, while you won’t see it on your Amazon.com statement. Our society is becoming more attuned to an electronic marketplace, and it is only fitting that OIT join this trend.
I realize that the cost of education is a concern for all students and their families. The implementation of CASHNet seeks to reduce the administrative costs associated with doing the daily business of the university.
As I said in October, OIT administration and the Chancellor’s Office are working to help make higher education more affordable. Part of this work is targeting the Oregon Opportunity Grant for more students. Governor Kulongoski has indicated that the Oregon median family income figures should be used in determining appropriate tuition rates.
Tuition costs have increased at a more rapid rate than family incomes; this is due, in part, to the reduction of state support for higher education. The Governor’s proposed budget places higher education in the best place it’s been since 1999. Providing more money for the Oregon Opportunity Grant will help offset the tuition costs of low- and middle-income students.
According to OIT’s Financial Aid Office, students should submit the Free Application for Federal Student Aid (FAFSA), by Jan. 15, 2007, for priority consideration.
The landscape of public education is changing. There are many more public-private partnerships and all Oregon University System institutions are pursuing private funding for special projects and initiatives.
Please realize that tuition costs will probably never decrease, but work is being done to make education more affordable, and accessible, to everyone.
OIT’s Business Office estimates saving about $50,000 per year, when the system is fully implemented, in mailing and other costs associated with billing. The costs savings are realized by students, as it helps offset the rise of tuition costs. While the convenience fee associated with using a credit card seems to be an unexpected cost, you must realize that every business transaction utilizing a credit card results in a transaction fee paid by the consumer. OIT is being transparent with this cost, while you won’t see it on your Amazon.com statement. Our society is becoming more attuned to an electronic marketplace, and it is only fitting that OIT join this trend.
I realize that the cost of education is a concern for all students and their families. The implementation of CASHNet seeks to reduce the administrative costs associated with doing the daily business of the university.
As I said in October, OIT administration and the Chancellor’s Office are working to help make higher education more affordable. Part of this work is targeting the Oregon Opportunity Grant for more students. Governor Kulongoski has indicated that the Oregon median family income figures should be used in determining appropriate tuition rates.
Tuition costs have increased at a more rapid rate than family incomes; this is due, in part, to the reduction of state support for higher education. The Governor’s proposed budget places higher education in the best place it’s been since 1999. Providing more money for the Oregon Opportunity Grant will help offset the tuition costs of low- and middle-income students.
According to OIT’s Financial Aid Office, students should submit the Free Application for Federal Student Aid (FAFSA), by Jan. 15, 2007, for priority consideration.
The landscape of public education is changing. There are many more public-private partnerships and all Oregon University System institutions are pursuing private funding for special projects and initiatives.
Please realize that tuition costs will probably never decrease, but work is being done to make education more affordable, and accessible, to everyone.
posted by VVL at 4:32 PM
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