This approach also allows us to more efficiently process and track purchases. The preferred vendor plan is going to save the SIU campuses hundreds of thousands per year. These efficiencies allow us to move dollars to where they best serve our mission. And, in our case, we have made a public pledge to hold tuition increases to no more than the rate of inflation. I hope I've at least started to convince you that college can be affordable and is not the financial beast that you may have heard.
College costs less than most people think and financial aid is available.
I would guess that many of you haven't seen SIUE since the Mississippi River Festival ended its run 20 years ago. I think you'd be surprised at how we've grown and continue to grow. On that news, thank you for your time and patience. If you can stand to hear me for a few more minutes, I'll open the floor for questions.