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OSP Recommends Tuition Increase in Budgets

The Office of Sponsored Programs has recently reviewed graduate school tuition increases for fiscal years 2016 through 2020. Based on this review, OSP now recommends a 3% annual tuition increase when preparing budgets for externally funded sponsored programs.  By using this rate, we will be able to provide supporting documentation to external sponsors should we be asked to do so. Being able to quickly provide documentation of the proposed inflation rate reduces the time required to negotiate awards, have sponsors release funding, and establish accounts.

At this time the FY20 cost for GRA healthcare has not been determined.  Once that amount is established, OSP will do a similar review and provide a recommendation of the annual inflation rate for that cost as well.

If you have any questions about these new recommendations, please feel free to contact David Smelser at dsmelser@utk.edu or (865) 974-1840.