Media reports that students were dropped with only 72 hours prior notice were incorrect. Students had been notified about the mandatory repayment schedule at a Town Hall meeting and by communications through their WIRED accounts, mail and email messaging.
In response to questions asked regarding the students with large balances and financial aid refunds, Assistant Vice President for Enrollment Services, Antonio Boyle, explained that only $200 of a student's current loan award could be applied to a prior unpaid balance. Also, Mr. Boyle noted that even students with large balances could pay off their balances except for $3,000 by adhering to the repayment schedule.
VI. Committee Reports:
Academic Affairs:
Regent Bearden presented the Academic Affairs Committee report. Regent Bearden commented upon the extensive work and research in which the faculty has been engaged since the last reporting period. She also indicated that Academic Affairs leadership will be more involved with classroom teaching observations in the upcoming semester. A written report was also provided to the board.
Action: Motion was made by Regent Jeter-Davis and seconded by Regent Travis Haskins to approve faculty emeriti status to Dr. Karan Kaul and Dr. Patricia Pearson. The motion passed 8-0.
Finance and Administration:
Regent Bearden presented the Finance and Administration report. Regent Bearden stated that the Committee was presented with the university budget vs. actual and unaudited financials.
Additional highlights include:
The TouchNet credit card payment processing system became operational in December 2013;
Internal Auditor will begin testing in the Land Grant area;
Classification and Compensation Study process began on January 7, 2014. The anticipated completion date is July 2014.
Two percent salary increases were processed for January 31, 2014 pay date.
An Inaugural Readiness for Retirement Seminar was held for employees.
No action items were reported.
Student Success and Enrollment Management:
Regent Bearden presented the Student Success and Enrollment Management Committee report. She provided an update on Student Life Activities, Health Services utilization, Career Placement, Enrollment Management, and Admissions. A written report was also provided to the Board.