The University has decided to call this press conference to educate and enlighten the stakeholders in particular and the public in general about the financial position of the Osun State University.
Osun State University, being a public institution, is financed from grants from the State Government and she also heavily relies on school fees from its students and other internally generated revenues.
It would be recalled that the State Government under the leadership of Ogbeni Rauf Aregbesola, when he came on board, reduced the school fees.
I wish to confirm that the University has not increased its school fees despite the economic recession. The University remains one of the few State owned institutions that charge modest fees. In all matters concerning our students, their interests remain our paramount consideration.
Meanwhile, I wish to let the public know the current amount being charged since 2011:
Programmes Amount per session Freshers
Science N100,000.00 N110,000
Law (including Nursing Science) N125,000.00 N135,000
Non-Science N95,000.00 N105,000
Acceptance fee – N40,000
Admission Checker – N2,000
Medical Fee – N15,000
Matriculation fee – N5,000
Late registration fee is N10,000 per semester
From the table above, it can be seen that the highest school fee for staylite is one hundred and twenty five thousand naira (N125,000.00) in a session for law and nursing science students; whereas there are some private secondary schools in Osun State that charge about N150,000 and above per term.
It is, however, disheartening to note that the University has discovered that despite the fact that the University operates an enviable stable academic calendar, mobilizes its graduating students Youth Service without delay, many of our students still owe school fees running to two billion naira. If this trend continues, there is no way the University could perform its financial responsibilities.
Henceforth, Senate at its meeting has approved the implementation of the following guidelines:
(i) that all students who fail to register will no longer be allowed into lecture rooms and will not be allowed to write examination;
(ii) that only students who fulfill the requirement would be allowed to write examination;
(iii) that the policy of 70% attendance at lectures for students will be strictly enforced;
(iv) that new students are to pay school fees in full and on time for retention of their studentship;
(v) that names of defaulters will be published soon.
All parents and guardians are hereby advised to warn their children and wards to pay their fees on time and not to divert their school fees to other areas.