NSCC Budget General Information
To get budget information directly from the source check out NSCC’s Budget Planning Team’s website.
Breakdown of College Budget
Of principal importance when considering the college budget is the cost of educating a student. Management of educating a student is facilitated through the Operational Budget and involves paying instructor salaries, IT services, staff members and all general expenses which do not fall under the Capital budget, which funds any new construction projects. Tuition only covers a meager percentage of the total cost of educating a student. State appropriations make up the remaining amount.
Paying salaries takes 85% of the total budget which makes labor the largest expense of the school. International students pay more than others because the state makes no appropriations for them.
The total amount of Full Time Enrolled Students, a student taking 15 or more credits, or FTEs that the school receives appropriations for is determined by the state. When the school over enrolls, serves more students beyond the target FTE allocation, or reaches 100 percent of its state allocation, the college receives only tuition not the FTE allocation for any student over the previously targeted number of FTEs planned to receive funding.
Following is a breakdown of money the school receives for every credit hour a student enrolls for and where that money goes.
$81 Total Received
$65 Operations
$8 Services and Activities Fees
$8 Capital
Operations covers the expenses of running the college, 85% of which is employee benefits and salaries. Capital goes to construction and new building projects, such new things are also heavily financed by grants and state funding. Services and Activities Fees fund student programs and resources such as childcare, or tutoring to name a few; there are currently a total of 18 S&A fee funded programs.