(AP) – Arkansas State University trustees have approved an
updated collaboration agreement with its partner on the launch of its Mexico campus. The Board met Friday on the ASUMH campus.
The school's agreement with its partner, Mexico-based private business foundation ASUCQ, includes a revised payment structure that will see the university receiving revenue from the collaboration starting in 2019.
ASU System President Dr. Charles Welch says the original concept was developed in 2014. The most recent agreement outlines more specifics about operations, including financial matters, personnel, academics and safety.
It will be the first American residential campus in Mexico as well as the first university to award degrees recognized in both the U.S. and Mexico. Welch says the revenue to ASU could total $140 million over 20 years assuming flat enrollment after ten years.
State funds are not being used to build or operate the 800,000-square-foot Mexico campus. All of the startup personnel and travel costs are reimbursed with funds from private gifts. ASU will receive commission based on the number of students enrolled.
A video showing what the campus will look like can be found on YouTube at youtube.com.
The $100 million campus in Queretaro, Mexico, will open in August.
updated collaboration agreement with its partner on the launch of its Mexico campus. The Board met Friday on the ASUMH campus.
The school's agreement with its partner, Mexico-based private business foundation ASUCQ, includes a revised payment structure that will see the university receiving revenue from the collaboration starting in 2019.
ASU System President Dr. Charles Welch says the original concept was developed in 2014. The most recent agreement outlines more specifics about operations, including financial matters, personnel, academics and safety.
It will be the first American residential campus in Mexico as well as the first university to award degrees recognized in both the U.S. and Mexico. Welch says the revenue to ASU could total $140 million over 20 years assuming flat enrollment after ten years.
State funds are not being used to build or operate the 800,000-square-foot Mexico campus. All of the startup personnel and travel costs are reimbursed with funds from private gifts. ASU will receive commission based on the number of students enrolled.
A video showing what the campus will look like can be found on YouTube at youtube.com.
The $100 million campus in Queretaro, Mexico, will open in August.
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