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Asked by: Guillaume Heinrichmeier
personal finance student financial aidWhat does statutory tuition mean?
Also, what does statutory fee mean?
Statutory fees are fees relating to the exercise of statutory powers. In the construction industry, statutory fees are likely to relate to issues such as; planning applications, building regulations applications, licensing, highways works, Land Registry fees and so on. Some examples of such fees are set out below.
Also Know, what is the difference between tuition and designated tuition?
Designated tuition allows the institution to determine the rate per semester credit hour to be charged. Designated tuition must be used to support the academic mission of the institution but maintains more flexibility than statutory tuition. The Board of Regents must approve designated tuition rates.
Tuition is the price colleges charge for classes. Students also pay other fees related to enrolling in and attending a college. The cost of tuition and fees varies by college. There is a wide range of prices, as the table below shows.