CU Says Obama’s April Visit Cost Nearly $110,000

BOULDER, Colo. (AP) – The University of Colorado Boulder says it cost almost $110,000 to host President Barack Obama in April.

Obama visited on April 24 to talk about lower-cost student loans.

The university said Tuesday that it spent $109,237 on Obama’s visit to cover items including parking and transportation services; police staffing and support; and facilities management costs.

CU says the expenses won’t result in any tuition or fee increases to students, and they won’t reduce campus budgets. Instead those costs are being paid from existing insurance rebates to the university.

CU-Boulder Chancellor Philip P. DiStefano says the school was honored to host Obama, whose visit drew international media coverage.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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