Common use of Housing Fees Clause in Contracts

Housing Fees. The student agrees to pay housing and board fees (first year students are required to have a first year meal plan and sophomores are required to have a sophomore meal plan) as established by the UCM Board of Governors. Rates are established at the level the Board of Governors, in its sole discretion, believes is required to meet current and long range expenses. Should the income from student occupancy be less than that required to meet such expenses, the University reserves the right to increase the established rate for the year by up to, but no more than 15% effective the spring semester.

Housing Fees. The student agrees to pay housing and board fees (first first-year and second-year/sophomore students are required to have a first year meal plan and sophomores are required to have a year/sophomore meal plan) as established by the UCM Board of Governors. Rates are established at the level the Board of Governors, in its sole discretion, believes is required to meet current and long range expenses. Should the income from student occupancy be less than that required to meet such expenses, the University reserves the right to increase the established rate for the year by up to, but no more than 15% effective the spring semester.

Housing Fees. The student agrees to pay housing and board boar d fees (first fir st year students are required to have a first fir st year meal plan and sophomores are required to have a sophomore meal plan) as established by the UCM Board of Governors. Rates are established at the level the Board of Governors, in its sole discretion, believes is required to meet current and long range expenses. Should the income from student occupancy be less than that required to meet such expenses, the University reserves the right to increase the established rate for the year by up to, but no more than 15% effective the spring semester.