Business Plans for Enrollment Expansion or New Programs 1. All new programs or program expansions require a business plan for implementation. Revenue from distance education fees will be kept by the unit and must be reflected in the business plan. Faculty loans are usually given for a start-up period. These are generally to be repaid within 5 years.
Forgivable loans are for extraordinary reasons or are done through pre-negotiation.
Business plan performance must be monitored on an annual basis until at steady state. This information must be provided for review before June of the subsequent year, prior to ERBA reallocation. Commitments for a new faculty complement position are contingent upon business plan fulfillment. If a business plan falls short, there must be a re-profiling of the budget for subsequent and future years. ERBA Corridor 1.