Last modified: Thursday, July 16, 2009
New tuition rates are below Higher Education Commission guidelines
FOR IMMEDIATE RELEASE
July 16, 2009
INDIANAPOLIS -- Indiana University trustees today (July 16) approved tuition and fee rates for the 2009-10 and 2010-11 academic years that are in keeping with all guidelines set by the Indiana Commission for Higher Education.
The new fee schedule calls for in-state undergraduate tuition and fees to go up by 4.6 percent this year and 4.8 percent next year at IU Bloomington and Indiana University-Purdue University Indianapolis. At IU's five regional campuses, in-state undergraduate tuition will go up 4.4 and 4.6 percent respectively in the next two years.
The Commission for Higher Education had called for fee increases of no higher than 5 percent in each of the next two academic years.
The rates were approved during a special board meeting held at Indiana University-Purdue University Indianapolis.
"We fully understand that many of the families of our students, and prospective students, are facing difficult economic circumstances," McRobbie told trustees. "That is why we have redoubled our commitment to maintaining IU's role as a public institution that is affordable for all qualified Hoosiers."
Earlier, in a required public hearing on the tuition plan, Vice President and Chief Financial Officer Neil Theobald told trustees that although the "sticker price" for IU is going up, the actual cost for many Hoosiers pursuing undergraduate degrees will decline because the amount of money available for financial aid grants has been increased at all campuses.
This is partly because state and federal funding sources have been increased, but also because IU President Michael A. McRobbie has directed that larger shares of each campus's operating budget be dedicated to student aid, Theobald said.
Theobald noted that at IU Bloomington, the campus operating budget is providing an unprecedented 47 percent increase in the amount of institutional aid provided to undergraduate students, from $30.6 million to $45 million this fall.
The IU Bloomington campus is also benefitting from the generosity of almost 50,000 individual donors to the ongoing "Matching the Promise" capital campaign, which has raised more than $200 million for undergraduate scholarships.
"At IU Bloomington, our largest campus, these historic increases in financial aid will lower the average tuition and fee bill paid by in-state undergraduates this fall by 15 percent," Theobald said. "I am not aware of any other campus or university in America that is making a similar affordability commitment to its students and to its state."
By 2010-11, $250 million in financial aid will be made available to in-state students across IU's seven campuses.
Most in-state undergraduate students at the Bloomington campus would see an increase of $382 for 2009-10, and would pay $8,613 for the academic year. Most full-time in-state students at IUPUI would see an increase of $332 and pay $7,523 for the year. Some programs also have fee differentials to defray their higher costs of instruction. These include business programs at IU Bloomington and IUPUI, music at IU Bloomington, and nursing at regional campuses.
A schedule showing the new undergraduate rates and fees for each campus can be viewed at: http://www.indiana.edu/~iunews/0911undergrad.pdf.
Under the new rates, most non-resident undergraduates at IU's Bloomington campus will see a 5.6 percent increase in the 2009-10 academic year and an 5.8 percent increase in 2010-11. These students will pay $26,160 for the 2009-10 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://www.indiana.edu/~iunews/0911grad.pdf.