MDC News Special Report

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HOW IS MDC FUNDED?

MDC Faculty nd Staff at a conference

The majority of funding comes from two different sources:

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From a Florida sales tax

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From tuition and fees

In addition to that majority of funding, we also receive financial support from grants, special projects, and the Department of Education at the Federal level. Unfortunately, the amount of funding the colleges receive from the state has decreased since the 2007 economic downturn in the state and national economy.


What about those additional student fees?

The Florida Legislature has defined what kind of student fees the College may charge. Those fees include:

Out-of-state fees

Financial aid fees

Student Activity and service fees

Technology fees

Library fees and fines

Access or ID card fees

Standardized testing fees

Diploma fees

Transcript fees

Application fees

Laboratory fees

Graduation fees

Late fees (registration and payments)


How is the cost of a college credit decided?

The legislature decides on the cost of each credit yearly when the annual budget is created and approved.

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Every year there is heated debate on the education budget regarding tuition being raised.

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Your advocates for the college argue vigorously, on behalf of the students, against raising tuition rates.

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When the economy is doing well and there is little unemployment, less people attend college because they feel financially secure and feel there are other job opportunities available if their current employment ends.

When the economy is not well and there is a lot of unemployment, the colleges are filled up to capacity as people try to obtain degrees, certificates and new skills that will help them find new employment opportunities

Miami Dade College Building R

How does the college pay for new buildings?

New building construction is paid through the “gross receipts tax”. These are the taxes collected from natural and manufactured gas, electricity and communications services (land lines). The gross receipts tax is dedicated revenue that goes into a trust fund used to fund building projects for K-12 and Florida Colleges and Universities

Taxes collected from these sources have been declining due to new technologies such as more fuel efficient cars and less demand for old technologies such as telephone land lines.