Indiana University trustees have approved tuition and fee rates for the 2013-14 and 2014-15 academic years.
At IU Bloomington and Indiana University-Purdue University Indianapolis, resident tuition and fee rates will increase by 1.75 percent each of the next two academic years. Tuition and fee increases at IU’s five regional campuses will average 1.75 percent, with individual campus increases ranging from 1.3 percent to 2.2 percent as IU continues to move toward standardized tuition rates at its regional campuses.
Non-resident tuition and fees will increase 2.75 percent each of the next two years at IU Bloomington; 1.75 percent at IUPUI; and from 1.5 percent to 2 percent at IU’s regional campuses.
IU’s increases for resident undergraduate students, which are below the non-binding target of 2 percent recently recommended by the Indiana Commission for Higher Education, were recommended by IU President Michael A. McRobbie and approved by IU trustees during a special board meeting on the IUPUI campus this afternoon immediately following a public hearing on the issue.
“A key question facing Indiana University has been, and will continue to be, ‘How do we balance the financial needs of students and their families against the need to maintain the affordability and accessibility that is expected of a leading public institution such as IU?'” McRobbie said.
“As I have said on numerous occasions, we at Indiana University are mindful of the deep continuing public concern over the growing ‘sticker price’ for tuition,” McRobbie added. “We have heard – and we share – the public’s concerns over college affordability. As we developed our budget for the coming biennium, we considered every option that would allow us to recommend to our trustees the lowest possible tuition increase over the next two years to ensure the continuing affordability of an IU education. We believe this modest increase – when coupled with the increase in funding from the state, for which we are extremely grateful, and the continuing generosity of our donors – will allow us to meet our goals of affordability, while continuing to provide world-class educational opportunities for our students. ”
The rate increases are the lowest at the university since the late 1970s. They also constitute the latest effort by IU – which, at its Bloomington campus, already offers the lowest average net cost of attendance in the Big Ten – to continue to provide an affordable IU education to its students, many of whom will see no increase in tuition and fees over the next two years.
Starting this fall, juniors and seniors who are on track to graduate in four years will receive an on-time completion award that will offset any increase in tuition and fees for up to two years, effectively freezing their instructional costs as long as they remain on a path to graduate in four years.
“This Finish in 4 program is further evidence that we are serious about holding down the cost of an IU degree, and that we are equally serious about providing tools and incentives to help our students stay on course for on-time degree completion,” McRobbie said.
Tuition and mandatory fees for Indiana resident students at IU Bloomington will increase from $10,033 in 2012-13 to $10,209 in 2013-14. At IUPUI, resident tuition and fees will go from $8,605 to $8,756 under the recommendation. A detailed breakdown of the tuition and mandatory fees is available online.
The university’s operating budgets also call for modest increases across most of IU’s graduate programs and, on average, represent the smallest biennial increases since the late 1970s. Indiana resident graduate students across all campuses will see tuition increases from 0 percent to 3 percent each of the next two years.
Tuition for non-resident graduate students will increase from 0 percent to 6 percent over each of the next two years, depending on the program. Graduate school increases, separated by school, are also available within the tuition and mandatory fees document.
Source: Indiana University, Inside INdiana Business