The Undergraduate Business Program (UBP) expansion fee will help UNC Kenan-Flagler Business School achieve its goal of serving more Carolina students.
We want to make it possible for even more highly qualified Carolina students to receive a business education, and funding from the fee will help us do exactly that. While we will expand program services in the 2018-19 academic year, enrollment in the program will expand gradually over time to maintain program quality, ultimately resulting in a 50 percent larger admitted class by the 2025-26 academic year.
We cannot admit more students without more funding. The fee alone will not provide enough revenue to support all the costs of the expansion, so we will continue to raise money through donor support and other means to fund additional expenses.
We will retain the high quality of the program. Given the exceptional quality of our applicant pool, thoughtfully growing the student enrollment by 50 percent over time will have relatively little effect on median major GPA and SAT scores based on our historical data.
Students on financial aid will have 100 percent of the fee covered by the UBP. Any student who newly qualifies for financial aid because of the implementation of the fee will have it covered (by the amount of additional financial aid that the student qualifies for because of the fee).
UNC Kenan-Flagler business majors will continue to have the best ROI of any top undergraduate business program (included in the top-25 programs ranked by Bloomberg Businessweek) based on UNC’s unusually low tuition and fees as well as the high salaries earned by UNC Kenan-Flagler business majors at graduation.
Frequently Asked Questions
Why does UNC Kenan-Flagler want to admit more students?
Over the past few years, we have had to turn away approximately 50 percent of all applicants to the Undergraduate Business Program.
Many of these Carolina students came to UNC with the goal of studying business, and, in a large portion of the cases, are completely qualified to study business at UNC. Many were not admitted because of capacity constraints – both the resources and physical space we need to serve more students.
Enabling more talented Carolina students to study business is the right thing to do – for our students, the UBP, the University and the state of North Carolina.
How much is the fee?
In academic year 2018-19 it will be:
- $1,000 per semester for business majors
- $500 per semester for business minors
- Students will pay the fee for a maximum of four semesters.
When will the fee be charged?
The fee will be charged for the first time in the fall semester of the 2018-19 academic year and then each semester thereafter.
The fee will not be charged during summer school.
Who will be charged?
Graduates of the Class of 2019 – those who graduate in August 2018, December 2018 or May 2019 – will not be charged.
Matriculated business majors and business minors who are on track to graduate either in August 2019, December 2019 or May of 2020 will be the only business students charged the fee in the 2018-19 academic year.
No students will be charged the fee after they have paid it for four (4) semesters.
Students on financial aid will have 100 percent of the fee covered by UNC Kenan-Flagler. Any student who newly qualifies for financial aid because of the implementation of the fee will have it covered (by the amount of additional financial aid that the student qualifies for because of the fee).
Which business majors and minors will be charged the fee in academic year 2018-19?
(Note: Students on financial aid will have the fee paid for them.)
|Estimated Graduation Dates*
|Class of 2019
|Class of 2020
|Class of 2021**
|Class of 2022**
*Estimated graduation dates are based upon each student’s Terms in Residence at a point in time approximately [30-days] before the fee is charged.
**Students will start paying the fee in the 2019-20 academic year if they are matriculated business students.
What if I can’t pay it?
UNC Kenan-Flagler is committed to support any student who is unable to pay the fee.
The Office of Scholarships and Student Aid is already working in tandem with us to ensure that the fee is considered in your financial aid package. It is important for you to know:
- If you currently receive financial aid, this fee will be fully covered at no extra expense to you.
- If the fee causes you to qualify for financial aid, the amount of aid you newly qualify for will also be covered at no extra expense to you.
- If you don’t qualify for aid but the fee remains a hardship, please come and talk to us. We’ll look for solutions together.
- An applicant’s ability to pay will not be a factor in the UBP admissions process.
Will growing the UBP affect the quality or reputation of the UBP?
No, the quality will remain very high. Given the quality of the applicant pool to the UBP, our historical data indicates that thoughtfully growing the student enrollment by 50 percent over time would have relatively little effect on median major GPA and SAT scores based upon historical data.
If the UBP had admitted an additional 200 students (+50 percent) in 2016, the average GPA would only have dropped from 3.69 to 3.62, and the average SAT would have dropped from 1350 to 1346.
In addition to serving more students, the fee will support program expansions such as a broader study abroad portfolio and additional career development, employer relations and academic advising resources.
Employers are keenly interested in hiring UNC Kenan-Flagler students, and they will appreciate an even greater number of students they can hire for internships and full-time jobs.
How will you use the fee revenues?
We will use them to:
- Expand student enrollment by 50 percent
- Increase staff support in career, global programs, student services and academics
- Develop and implement technology-enabled learning in our classes
- Increase student recruitment efforts with an additional admissions team member
- Assist students unable to pay the fee (UNC Kenan-Flagler also will provide financial assistance using other revenue sources such as donor support.)
Will the expansion of the UBP hurt my ability to see an advisor?
No, we will use fee revenues to increase the number of advisors in all areas (admissions, academics, global programs and career) to meet the needs of the additional students. We anticipate that it will be just as easy to meet with an advisor as it is today through drop-in hours or scheduled appointments.
Will the fee cover all the costs of the delivering the program to more students?
No, the fee will cover roughly half of the costs.
The fee will not cover any of the costs associated with hiring new faculty or the cost of expanding the space we need to serve more students. We will invest funds from other sources (primarily alumni and corporate partners) to cover costs not covered by the fee.
What impact will the fee have on the return on investment (ROI) for business students?
UNC Kenan-Flagler’s business majors will continue to have the best ROI of any top undergraduate business program (included in the top-25 programs ranked by Bloomberg Businessweek) based on UNC’s unusually low tuition and fees as well as the high salaries that UNC Kenan-Flagler business majors earn in their first full-time job after graduation.
Will the current facility accommodate the anticipated enrollment growth?
The current facility will support the first stages of enrollment growth, but a new building will be required to expand by the full 50 percent. UNC Kenan-Flagler is in the midst of a year-long feasibility study (funded by the state of North Carolina) for a new building and is working aggressively to raise funds for a new building as an integral part of the current capital Campaign for Carolina.
If you have questions, please email FeeInfo@kenan-flagler.unc.edu and we will respond to your question within two business days.