Last modified: Monday, May 21, 2007
IU Trustees set tuition rates for next two years
FOR IMMEDIATE RELEASE
May 21, 2007
BLOOMINGTON, Ind. -- Indiana University trustees today (May 21) took a major step toward their goal of significantly improving Indiana University's competitive status among America's major research universities.
Trustees approved a schedule of tuition and fees for the next two academic years that President Adam W. Herbert said would provide the needed funding to achieve key goals set by the trustees for academic excellence.
Herbert told the board that many competing factors went into his ultimate tuition recommendations. "I am particularly pleased with the outcome of our efforts to balance IU's most pressing institutional needs with our commitment to keep tuition increases at a manageable level for our students," Herbert said.
He said the tuition rates will support a budget that generates the necessary funds to maintain a high level of instructional quality at all campuses while keeping IU programs affordable and accessible to in-state students.
The tuition recommendations were presented by Judith Palmer, vice president and chief financial officer.
"Our students, parents, and indeed the entire state of Indiana have increasingly high expectations for Indiana University," she said. "We want to meet those expectations and continue to be a world-class university producing extremely well qualified workers of the future."
To do that, she explained, IU must continue to be successful in a highly competitive market for talented faculty members as well as make a number of critical investments in technology and facilities. Also, IU is facing unavoidable increases in the cost of utilities and employee health care, which must be met.
While this year's level of state funding provided by the legislature was more generous than in previous years, it does not by itself provide adequate dollars to meet all these needs, Palmer said. She also underscored efforts the university is making to contain administrative costs and operate more efficiently.
In response to the administrative recommendations, trustees approved a 5 percent increase in tuition and required fees in each of the next two years for in-state undergraduate students at all campuses.
Additionally, undergraduate students in business, music, nursing and art and design programs may see new or increased program fees to defray the higher instructional costs inherent in those programs.
Most in-state undergraduate students at the Bloomington campus would see an increase of $376 for 2007-08, and would pay $7,837 for the academic year. Most full-time in-state students at IUPUI would see an increase of $326 and pay $6,850 for the year. A schedule showing the new rates and fees for each campus can be viewed at: http://newsinfo.iu.edu/pub/libs/images/usr/3015_h.pdf.
Under the new rates, most non-resident undergraduates at IU's Bloomington campus will see a 9 percent increase in the 2007-08 academic year and an 11 percent increase in 2008-09. These students will pay $22,316 for the 2007-08 academic year.
The new rates for graduate and professional programs vary from campus to campus. A schedule of the new rates and fees for each graduate program can be viewed at: http://newsinfo.iu.edu/pub/libs/images/usr/3016_h.pdf.