IU, Purdue Trustees Approve Next Year’s Budgets
(photo courtesy of Indiana University)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe boards of trustees for the state’s two largest university systems have approved budgets for next year and the tuition schedules for the next two years. Operating budgets for Indiana University and Purdue University have both ticked higher.
Purdue University trustees approved a $2.2 billion budget for the West Lafayette campus, up from $2.1 billion. The board also voted to keep tuition frozen on the main campus for the ninth and 10th consecutive years.
While base undergraduate tuition at the West Lafayette campus for Indiana residents will remain under $10,000, some graduate and doctoral programs will see an increase.
For example, Doctor of Veterinary Medicine program fees will increase by $1,500 per semester and Doctor of Pharmacy program fees increase by $488 per semester for new students in those programs.
Purdue says tuition and fees at Purdue University Northwest and Purdue University Fort Wayne will increase 1.45% each of the next two years.
Meanwhile, Indiana University trustees approved the fiscal year 2021-22 operating budget of $4 billion for all IU campuses, up from $3.7 billion last year.
IU says the increase is largely due to federal stimulus funding, which will add to the student support and compensate for revenue losses and expenses due to COVID-19.
Student financial aid is going up $72 million in the next fiscal year with stimulus funding included.
Meanwhile, the IU board presented President Michael McRobbie and his wife, Laurie Burns McRobbie, the University Medal, which is considered the highest award the university can bestow. It has been previously awarded only 20 times.
McRobbie will step down from the presidency at the end of June.
Other action at Purdue:
Trustees approved the naming of the Bob and Trudy Hull “All-American” Marching Band Complex, the Morgan and Kate Burke Southwest Entrance of Mackey Arena, and the Dave and Jacque Owens Career Development Gateway for Purdue Athletics.
Purdue University Global on Friday (June 11) launched its inaugural Purdue Global Moves – four strategic initiatives designed to help the university meet its goals of results, growth and innovation.