Out of curiosity I see several people tossing around the $200/student for 25 year number. Is that remotely accurate, or is that just a number that someone randomly made up? If that's the case someone really needs to check there math or find the University a better interest rate. That's $100 Million assuming that the fee only gets assessed to 20k students. If it gets assessed to 25k that number jumps to $125 Million.
It's actually an EXTRA $100/student, bringing it to a total of $300/student/semester. I originally threw that number out because I wasn't sure of the exact number, and I didn't want to overshoot.
From the e-mail sent to students:
Student Fees for the Extreme Makeover: Recreation Renovation Project:
Student fees will be needed to fund the Extreme Makeover: Recreation Renovation project. Fees would be assessed in a phased progression. Once the renovation/construction begins after the spring 2009 semester, student fees for this phase of the project would be $20 per semester for the first two (2) years. The Lied Recreation Center will be air conditioned in the summer of 2009, which is the first year of the project. In year three of the project, when the renovations and new addition will be open for student use, student fees for the project would increase to the full amount of $107 per semester and continue for the remainder of the 25 year bond period. The anticipated completion
date for the entire project is 2011.
The fee charged to students this semester (at least for me, a senior in engineering), was $194.66