The College Board has postponed the discussion of a building fee for full-time students of Mississippi State University as well as the University of Mississippi.
According to the Associated Press, Ole Miss said it would use the money from the building fee to pay for the renovation and expansion of its student union. MSU said it would use the money to pay for a new building with 90,000 square feet of classrooms and a 60,000 square-foot parking garage.
Bill Kibler, vice president for Student Affairs at MSU, said in an email the fee will generate a source of revenue MSU can use for construction projects that are not able to be supported by state bond funding.
“Examples might be our planned new classroom building as well as possible future projects on student facilities such as the Sanderson Center and the Colvard Student Union,” he said.
The building fee would cost full-time students $50 and would generate an estimated $1.83 million annually for Ole Miss and $1.7 million for MSU.
According to Associated Press, it is likely the proposal will return as early as this month.
Kibler said the Institutions of Higher Learning staff postponed the bill for financial analysis.
“It is my understanding that the IHL staff wanted to conduct some additional financial analysis of the two proposals from MSU and UM in order to be able to reconcile any differences and assure that the fees are structured the same,” he said.
Kibler also said the fee is not proposed as a time-limited fee and is proposed to add to student tuition in the 2013-2014 academic year.