Last modified: Friday, February 18, 2011
IU Trustees approve 2011-12 residency hall rates
EDITOR'S NOTE: Additional information, including Big Ten room-and-board rates, occupancy rates at IU Bloomington and residential halls rate requests for 2011-12 can be found here.
FOR IMMEDIATE RELEASE
Feb. 18, 2011
INDIANAPOLIS -- The Indiana University Board of Trustees today (Feb. 18) approved residency hall rates for 2011-12 at all campuses with student housing. The action was taken at its regularly scheduled business meeting at the IUPUI campus.
At IU Bloomington, where more than 11,600 students live in residence halls, the cost of the most commonly requested room-and-board package will move from $7,918 to $8,419, a 6.3 percent increase. This package includes an air-conditioned, two-bed room in a mid-amenity residence hall and a Standard Meal Plan. Occupancy rates at IU Bloomington are above 99 percent.
Rates will vary, depending on which facility and meal plan is chosen. The accompanying chart shows the new rate for each facility. Increases range from 0 percent to 9 percent. The increases range up to $435 (Union Street Center one-bedroom unit).
The Standard Meal Plan will increase from $2,900 to $3,000, or 3.4 percent.
Neil Theobald, vice president and chief financial officer, told trustees the increases are necessary to cover required depreciation and maintenance costs as well as bond repayment for new construction. Despite the increases, Bloomington's student housing costs are expected to remain relatively low when compared to other Big Ten schools. Theobald noted that IU Bloomington is the seventh highest in student housing costs among all Big Ten universities this year.
At IUPUI, the most prevalent room rate will increase from $4,655 to $4,888, or 5.0 percent.
At IU South Bend, the most prevalent room rate will increase from $6,508 to 6,671, or 2.5 percent.
At IU Southeast, the most prevalent room rate will increase from $5,685 to $5,890, or 3.6 percent.