Since 2018, Kenan-Flagler Business School students have paid a Performance Enhancement Fee aimed at enhancing the Undergraduate Business Program and providing resources for students such as academic advising and global scholarships.
The fee has remained the same since it was established four years ago, but that could be changing soon.
Kenan-Flagler is looking to potentially increase the fee, known colloquially as the “business school fee,” for incoming students as early as the fall semester of 2023 due to the program’s expansion and enrollment increases.
According to a statement from Jordan Hale, assistant dean of the Undergraduate Business Program, Kenan-Flagler's major enrollment has grown by 11 percent and minor enrollment by 66 percent as of 2022.
“We have shared that PEF has made it possible to increase the size of our staff to serve (students) in all aspects of the UBP, most notably in enhanced career coaching, global programs, scholarships, wellness and student engagement programs,” he said in the statement.
Business majors currently pay $1,000 each semester, for a total of $2,000 every year, according to Hale’s statement. The proposed increase would raise yearly rates for incoming juniors by $1,000. Business minors have previously paid $1,000 per year, potentially increasing to $1,500.
The fee is waived for students who qualify for need-based aid, which will continue after the proposed increase.
Shimul Melwani is the associate dean of the Undergraduate Business Program. She said there is also a secondary process for any student going through personal financial hardship.
Hale explained that inflation from 2018 to 2022 also affected the program, with increased costs for UBP-wide events and study abroad programming.