The current memorandum of understanding between Guilford College and Guilford County Schools to operate the school (effective July 2015) provides that GCS must pay to the college a base amount of $5,759.03 per each student enrolled in college courses (upperclassmen), plus the costs of textbooks to which they retain title. The contract is automatically renewed every year unless either party terminates it; the per-seat tuition cost is increased by the average legislated percentage increase in salaries of North Carolina Department of Public Instruction teachers each year unless agreed otherwise.