INDIANAPOLIS - Indiana University trustees Thursday approved tuition and feerates for the 2009-10 and 2010-11 academic years that are inkeeping with all guidelines set by the Indiana Commission forHigher Education.
Indiana University has released the following information onnew tuition and fee rates:
The new fee schedule calls for in-state undergraduate tuitionand fees to go up by 4.6 percent this year and 4.8 percent nextyear at IU Bloomington and Indiana University-Purdue UniversityIndianapolis. At IU's five regional campuses, in-stateundergraduate tuition will go up 4.4 and 4.6 percent respectivelyin the next two years.
The Commission for Higher Education had called for fee increasesof no higher than 5 percent in each of the next two academicyears.
The rates were approved during a special board meeting held atIndiana University-Purdue University Indianapolis.
"We fully understand that many of the families of our students,and prospective students, are facing difficult economiccircumstances," McRobbie told trustees. "That is why we haveredoubled our commitment to maintaining IU's role as a publicinstitution that is affordable for all qualified Hoosiers."
Earlier, in a required public hearing on the tuition plan, VicePresident and Chief Financial Officer Neil Theobald told trusteesthat although the "sticker price" for IU is going up, the actualcost for many Hoosiers pursuing undergraduate degrees will declinebecause the amount of money available for financial aid grants hasbeen increased at all campuses.
This is partly because state and federal funding sources havebeen increased, but also because IU President Michael A. McRobbiehas directed that larger shares of each campus's operating budgetbe dedicated to student aid, Theobald said.
IU staff, students and members of the public at the tuitionhearing in Indianapolis
Theobald noted that at IU Bloomington, the campus operatingbudget is providing an unprecedented 47 percent increase in theamount of institutional aid provided to undergraduate students,from $30.6 million to $45 million this fall.
The IU Bloomington campus is also benefitting from thegenerosity 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 increasesin financial aid will lower the average tuition and fee bill paidby in-state undergraduates this fall by 15 percent," Theobald said."I am not aware of any other campus or university in America thatis making a similar affordability commitment to its students and toits state."
By 2010-11, $250 million in financial aid will be made availableto in-state students across IU's seven campuses.
Most in-state undergraduate students at the Bloomington campuswould see an increase of $382 for 2009-10, and would pay $8,613 forthe academic year. Most full-time in-state students at IUPUI wouldsee an increase of $332 and pay $7,523 for the year. Some programsalso have fee differentials to defray their higher costs ofinstruction. These include business programs at IU Bloomington andIUPUI, music at IU Bloomington, and nursing at regionalcampuses.
A schedule showing the new undergraduate rates and fees for eachcampus can be viewed at: http://www.indiana.edu/~iunews/0911undergrad.pdf.
Under the new rates, most non-resident undergraduates at IU'sBloomington campus will see a 5.6 percent increase in the 2009-10academic year and an 5.8 percent increase in 2010-11. Thesestudents will pay $26,160 for the 2009-10 academic year.
The new rates for graduate and professional programs vary fromcampus to campus. A schedule of the new rates and fees for eachgraduate program can be viewed at: http://www.indiana.edu/~iunews/0911grad.pdf.
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