IU trustees approve new tuition rates

Colleges & Universities A-Z Indiana University - Bloomington
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<p>IU</a> trustees approve new tuition rates: IU News Room: Indiana University
ugh kill me now</p>

<p>
[quote]
FOR IMMEDIATE RELEASE
May 31, 2011</p>

<p>INDIANAPOLIS -- Indiana University trustees today (May 31) approved tuition and fee rates for the 2011-12 and 2012-13 academic years.</p>

<p>At IU Bloomington, the new fee schedule calls for in-state undergraduate tuition and fees to increase by 3.5 percent in each of the next two years. For in-state undergraduate students at Indiana University-Purdue University Indianapolis and IU's five regional campuses in Gary, Kokomo, New Albany, Richmond and South Bend, tuition will go up 2.5 percent in each of the next two years.</p>

<p>The rates, which are consistent with the non-binding tuition targets set by the Indiana Commission for Higher Education, were approved during a special board meeting held on the IUPUI campus.</p>

<p>In addition to the tuition increases, IU trustees also approved a temporary fee, recommended by IU President Michael A. McRobbie, to help cover the cost of necessary repair work and ongoing maintenance costs for IU's 900 buildings and associated infrastructure.</p>

<p>McRobbie told trustees the recommendations reflect a balance between the needs of students and families, on the one hand, and the need to maintain IU's quality academic standards and preserve its buildings and infrastructure for future generations.</p>

<p>"Across our seven campuses, we now have a backlog of needed repair and maintenance projects totaling more than $600 million," McRobbie said. "This is work that must be done for the safety of today's students and to ensure that future IU students will have the same outstanding facilities that the state has entrusted to us."</p>

<p>At IU Bloomington, full-time students will be charged a temporary repair and maintenance fee of $180 in the 2011-12 academic year and $360 the following year. At IUPUI, the temporary fee will be $160 per full-time student the first year and $320 the second year, while full-time students at the regional campuses will pay $60 the first year and $120 the second year.</p>

<p>The combined increase of tuition plus the repair and maintenance fee at IU Bloomington will be 5.5 percent in 2011-12 and 5.4 percent in 2012-13. At IUPUI, it will be 4.5 percent in 2011-12 and 4.4 percent in 2012-13, and at the regional campuses, 3.5 percent in 2011-12 and 3.4 percent in 2012-13.</p>

<p>Nonresident students at IU Bloomington will see tuition increase by 6 percent in each of the next two years. The combined increase, including the repair and maintenance fee, will bring the increase to a total of 6.7 percent in 2011-12 and 6.6 percent in 2012-13.</p>

<p>All revenue from the new fee will be sequestered and used only for needed repair and maintenance projects. In addition, IU will cut spending and reduce reserves by a total of $21 million during the biennium to begin to address its facility repair backlog.</p>

<p>Earlier, in a required public hearing on the tuition plan, IU Vice President and Chief Financial Officer Neil Theobald told trustees that, while tuition and fees are increasing, gift aid from IU to its undergraduate resident students has risen dramatically.</p>

<p>According to university estimates, IU will provide more than $88 million in institutional gift aid, including scholarships and grants, to in-state undergraduates in FY 2012, which represents an increase of nearly $19 million -- or more than 21 percent -- from the current fiscal year. Institutional gift aid at IU Bloomington is expected to rise nearly 30 percent in that same time to more than $68 million. IUPUI is expected to see a more than 18 percent increase to nearly $16 million, and IU's regional campuses an increase more than 11 percent to nearly $4 million.</p>

<p>Total gift aid for IU undergraduate residents, which includes federal, state and IU Foundation grants, is estimated to surpass $308 million in FY 2012, which would be a 13.5 percent increase from the current fiscal year. Included in that amount is more than $144 million at IU Bloomington (19.2 percent increase), nearly $94 million at IUPUI (16.7 percent increase) and more than $69 million at the regional campuses (21.6 percent increase).</p>

<p>Additionally, Theobald said, the IU Bloomington campus has benefited from the generosity of more than 188,000 donors who contributed to the "Matching the Promise" capital campaign, which concluded on June 30, 2010, after raising more than $1.1 billion over the course of seven years. The campaign has played a major role in helping IU Bloomington students finance their college education, raising more than $338 million for undergraduate and graduate student support. At least partially as a result, out-of-pocket expenses for in-state students working on IU Bloomington bachelor's degrees will fall for the sixth consecutive year.</p>

<p>Matching the Promise and other recent efforts to maximize financial aid for students resulted in IU Bloomington having the lowest average net price in 2008-09 for in-state undergraduate students in the Big Ten, according to the U.S. Department of Education's new "College Navigator" website. Average net price reflects the average amount that in-state undergraduates actually pay -- after financial aid -- for tuition, room, board and living expenses.</p>

<p>Last fall, the university also launched the public phase of Impact IUPUI, IU's most ambitious fundraising campaign ever with a $1.25 billion goal. Like Matching the Promise, the campaign also emphasizes increasing financial support for students.</p>

<p>A detailed chart showing the new graduate and undergraduate rates at all campuses can be viewed at Public</a> Forum on Tuition: Indiana University University<em>Proposed Fees</em>FY12_FY13.pdf.

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<p>total tuition and fees in $$ for in-state and OOS if you please?</p>

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<p><a href=“Indiana University”>Indiana University;

<p>it depends on your program, etc. …</p>

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<p>I am not a student but I do have prospective students looking at IU OOS for next year…</p>

<p>what is approx room and board so I can estimate total COA with this increase? thank you…</p>

5

<p>This is such an idiotic move. I do not see why when the state stops givin IU money they raise OOS tuition. OOS students already pay more than cost and subsidize it for IS students; when the state stops funding OOS students are stuck picking up more of the bill.</p>

<p>This is not at all fair.</p>

6

<p>At least looking at the chart linked in #3 above, the overall in-state increase is 5.5% and the out-of-state increase is 6.6%. Given that IU is a state university, a 1% difference in increase between residents of that state and non-residents does not seem to single out out-of-state students.</p>

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<p>I am arguing that because the state of Indiana pays no part of OOS tuition, OOS tuition should not be raised at all when the state of Indiana decides to lower funding.</p>

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<p>Sounds fair to me. State funding is only one piece of the overall financial picture. Once they know that number and know the total expenses they plan, they plug the hole with tuition and OOS will usually be hit harder. If you don’t like it look around–most cost as much or more OOS. This year 5-7% is very much in line. Washington is going up 16%. Cal schools–maybe 20%+</p>

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<p>As long as U of Illinois remains so expensive and difficult to get into for instate students, IU can raise OOS tuition and fees and still not be hurt by it, as the majority of IU OOS are from Illinois. The real OOS increases came when the automatic scholarships started about six years ago. The first few years after that, IU had 10-11% annual OOS increases, which really ballooned the OOS rates.</p>

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<p>I wonder if Indiana residents recognize the phenomenal bargain that their state universities offer them. Even without any of the automatic scholarships, to be able to attend IUB for $20Kish including room & board, is a huge deal! I wish the State of Illinois had a clue as to how to achieve such success for its’ residents. But that will never happen here.</p>

<p>When my son chose IU in 2007, after taking into account the Faculty Award of 7K at that time, the difference in cost between IU and Illinois was negligible. We did know that IL’s tuition would be frozen for the 4 years, while IU’s would continue to grow, but we still believed he was getting a good deal at IU.</p>

<p>Now, I’m not so sure we would make the same decision. Families each have their own financial tipping points, and especially in today’s economy, if you are looking at a COA over $40K in 2 years, some will decide not to even look at IU because of the price. </p>

<p>I believe the highest automatic scholarship is $9K (please feel free to correct, if this isn’t still true). So, even if your OOS student earns that discount, your end price is still over $30K. Think forward and add in future projected tuition increases and that will be enough to dissuade a lot of OOS families. </p>

<p>And frankly, for many IL families, the University of IL is even out of the question from a price standpoint. Which leaves us with only a couple of viable second-tier public choices (ISU and UIC, in my estimation.) </p>

<p>I’m sure IU weighs all of these factors when they come up with their tuition formulas. Obviously, their first allegiance has to be to their own residents. I just fear that they are closing in on a tipping point that will eliminate a viable option for IL students. I am so glad that my son was able to graduate from IU before the cost became prohibitive.</p>

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<p>I wish IU would lock tuition. I was angered by the raises because I figured my 9k scholarship would cover my in-state tuition for at least a few years, or that it would be only raised by 100 or so. I know its only 500 dollars, but that’s one less month of rent. I love IU, but if I had known tuition would be well over 10k by my junior year, I would have chosen to go to one of the other schools that offered me a “free tuition” gift.
I know this sounds incredibly whiny compared to out-of-staters, and I especially feel for Illinois residents. I can’t imagine having to pay what they pay for in-state tuition.</p>

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<p>Illinois has been exporting good students to other Big 10 schools for many decades. First it was Wisconsin and Michigan and when they got harder to get into and more expensive it seemed Iowa and Indiana became very popular along with Colorado which was always a target for the more fun minded. Now UMinn is recruiting OOS kis with low tuition. We’ll see how long they can afford that. And that does not even count all those from Illinois striving to get into the most selective privates. Illinois is pretty much the NJ of the midwest with many more students than colleges people want to attend in the state.</p>

13

<p>I know the Kelley degree has gone up in prestige today compared to five years ago with the automatic scholarships and the high achievers from suburban Chicago that Kelley and the automatic scholarships attract. The average Kelley student’s SAT CR+Math, including ACT scores (all Illinois hs students take the ACT twice) converted to SAT scores, has gone up at least 100 points the last five years, which can be attributed, more than anything else, to the automatic scholarships attracting smart Illinois students. This has helped make Kelley an incredible bargain for in-state kids. None of that would be possible if there were not so many problems with public universities in Illinois. ISU and UIC just don’t compare to IU; and UIUC costs nearly the same as IU for Illinois kids, but UIUC is very difficult to get into. Illinois/suburban Chicago has massive numbers of smart, affluent high school kids compared to Indiana, and many of them wind up going to Indiana and Purdue, benefiting both schools.</p>