We are HAPPY TO ANNOUNCE to the entire Adamson community that the top management, after series of intensive deliberations, decided NOT TO INCREASE TUITION FEES for SY 2009-2010.
The worldwide recession left many of us hurting, including majority of our students. We are called to respond to the call of the times; we are called to act; we are called to give. And so we did. We have decided to keep the old tuition fees.
This decision of the Management came amidst the fact that in the new school year, we are expected to increase the salaries of the employees and apply the summer pay scheme for the first time under the Collective Bargaining Agreement (CBA). The salary increases and other employee benefits are sourced from the 70% of the tuition fee increases.
We will continue to adhere to what the Management has agreed to give the employees despite no increase in tuition fees. Like everyone else, our employees, who remain to be hardworking and strongly dedicated, are also feeling the pains of the economic crunch. All of us, however, will have to make sacrifices.
To level out the effect of keeping the old fees, the Management shall implement drastic cutbacks in operational expenses especially in the areas of activities and representation, office supplies, training and development, promotion and advertising, and traveling and transportation. A huge slice in the capital expenditures will also be implemented. We will forego the biennial institutional outing and have a modest Christmas Party.
There will be no major construction projects in the new school year; on-going projects will be finished. We cannot avoid, however, performing necessary repairs and maintenance of facilities as this is one we cannot sacrifice.
Let us endeavor to treat every source of expense in the University with economy and prudence. Let us be more mindful in the consumption of supplies, and in use of electric and water utilities.
While we cut down on costs, let us increase our revenues by recruiting more students (local and foreign), maximizing the potentials of our income-generating facilities, and intensifying resource mobilization.
As there is yet no conclusive evidence that the economy will pull through sooner, we should remain determined to get the better of this challenge with distinction.
Now is the time to appeal to the strong sense of family from all the members of the Adamson community. WE ARE ALL IN THIS TOGETHER. Let us show our sense of solidarity, sacrifice, cooperation and commitment as we face this challenge.
LET US REMAIN HOPEFUL. WE CAN MAKE IT. TOGETHER WE WILL SUCCEED. SOAR HIGH FALCONS!
REV. FR. GREGORIO L. BAÑAGA, JR., CM
February 24, 2009