ISU Trustees Approve Tuition Increase
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowStudents at Indiana State University will be paying more over the next two years. The university’s board of trustees has approved an increase in tuition and fees as well as operating budgets for the 2017-2019 biennium.
In-state undergraduate students will see a 1.9 percent increase in tuition during the 2017-2018 academic year, bringing the total to $4,458. The following year, tuition will rise to $4,545. The increase adds $85 and $87 to the total tuition cost for each year, respectively.
"This modest tuition increase will allow the university to continue providing a quality education, despite what have become annual reductions in state appropriations," said Indiana State President Dan Bradley. "As our enrollment has grown, we have implemented operating efficiencies to trim costs as much as possible and wherever possible. This tuition increase would have been much greater if it weren’t for these efficiencies."
Diann McKee, senior vice president of finance and administration and treasurer for ISU, says the state’s operating appropriation for the university will see a net decrease of $355,000 for the next biennium. She says the drop is due to performance-based funding metrics.
However, the university says the state has appropriated an additional $2.35 million dedicated to "sustaining and expanding student success initiatives" at ISU. The university will also receive nearly $1.4 million in repair and rehabilitation funding for building maintenance.
The operating budget for the 2017-2018 academic year includes a projected 1.25 percent increase pool for salary adjustments, as well as a 1.25 percent increase in student wages and a 2 percent increase in university scholarships.