May 15 2007
Tuition for 2007-08 for a typical full-time, in-state student admitted fall 2003 or later will increase by 5.9 percent, or $180 per semester, to $3,231. The following year, it will increase by 5.1 percent, or $165 per semester, to $3,396. Out-of-state students will pay $7,158 in tuition per semester for 2007-08 and $7,523 in 2008-09.
â€œAs a public university, we constantly weigh the institutional needs that allow us to maintain quality programs with concern for our students that we remain as affordable as possible. These increases will allow us to make strategic investments in programs and our people while remaining the most affordable research university in Indiana,â€ said university President Lloyd W. Benjamin III.
The trustees also approved corresponding increases in the technology fee, moving it to $120 for the coming year and $126 in 2008-09. A decrease of $10 per semester, from $110 to $100, was approved for the student recreation fee which will help fund a new student recreation center on which construction will begin this summer. A $15 per semester transportation fee is also being implemented to support an expansion of the city bus system to better serve ISU students. Both the student recreation center fee and the transportation fee were approved by students via referendum votes.
The tuition increases will be factored into the universityâ€™s 2007-08 budget which the trustees will consider in June. To lessen the impact of the tuition increases for those students with the greatest need, Indiana State will increase its institutional financial aid by the same percentages, Benjamin said.
Benjamin indicated that the budget proposal that will be brought to the trustees in June will be â€œexceedingly conservativeâ€ with compensation for faculty and staff as its top priority. The administration is currently targeting a 3 percent increase in compensation for faculty and staff for the coming year.
â€œIn order to maintain our quality, we must be able to attract and retain high-quality faculty and staff,â€ Benjamin said.
The next regularly scheduled meeting of the trustees will be June 21-22.
Contact: Teresa Exline, university spokesperson, Indiana State University, (812) 237-7783 or email@example.com
ISU trustees approved tuition and fees for 2007-09 during a special meeting which followed a public hearing on the proposed rates. Tuition for a typical full-time, in-state student will increase 5.9 percent for 2007-08 and 5.1 percent for 2008-09. The increases will allow ISU to make strategic investments in programs, faculty and staff while remaining the most affordable research university in Indiana.