Monday, July 02, 2007
Trustees approve increase in tuition and fees for two years
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The USI Board of Trustees voted Monday, July 2, 2007 to increase tuition and fees for the 2007-08 and 2008-09 academic years. The per semester credit hour fee in 2007 will be $157.70 for a resident undergraduate student; and $228.95 for a resident graduate student. Full-time (30 credit hours), in-state undergraduate students will pay $4,791 for 2007-08, an increase of approximately $271. A non-resident undergraduate in 2007 will pay $375.75 per semester credit hour fee and a non-resident graduate student will pay $451.85. The 2008 fees will increase for undergraduates to $167.30 per semester credit hour for Indiana students and $398.45 for nonresidents. In 2008-09, tuition will be $5,078, an increase of approximately $287. Graduate students who live in Indiana in 2008 will pay $242.80 per credit hour and nonresidents will pay $470.10 per credit hour. President H. Ray Hoops said, “Even with the increase, University of Southern Indiana remains the best dollar value among Indiana’s public higher education institutions.” USI’s year-increase amount of $271 for 2007-08 and $287 for 2008-09 is lower than the average dollar increase* at Indiana University, Purdue University, Ball State University, and Indiana State University in the same time frame. *Average dollar increase is $289 for 2007-08 and $300 for 2008-09 for the four-year higher education institutions in Indiana. The fee increase and state appropriations for USI for the next two years will fund investments in faculty, instructional technology, and equipment plus the on-going operational costs. The trustees also approved a $78 million current operating budget for the 2007-2008 academic year. The budget includes $46.5 for instruction and instruction-related expenses; $6.2 million for student services; $10.4 million for physical plant; and $14.8 for administration. In other business, the trustees passed two resolutions of appreciation. The resolution for Bruce H. Baker recognized his more than 18 years of service, which is the longest tenure of any USI trustee, and his dedication to the full development of the University of Southern Indiana and the people it serves. His term ends in July 2007. Baker has represented the Board of Trustees as a member of the nominating committee, the USI Foundation Board of Directors, the USI/New Harmony Foundation Board of Directors, the presidential search committee, and the campus master planning committee. He has served as chair of the board from 1992 to 1997 and from 2006 to 2007. He also was vice chair of the board and chair of the Finance Committee from 1990 to 1992 and vice chair of the board and chair of the Long-Range Planning Committee from 1997 to 2006. The second resolution recognized the distinguished career of Sherrianne M. Standley, senior vice president for Advancement who retired June 30, 2007. The University’s first vice president for Advancement, Standley coordinated the development of external relations and communications and identified and secured resources necessary for the University to move to its goals. She broadened educational opportunity in southwestern Indiana by establishing lasting relationships between the University and individuals, organizations, and corporations in the region and the state. Under her direction, the University’s first capital campaign exceeded its goal, raising a total of $18 million in gifts and pledges and $6 million in deferred gifts. |
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