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Trustees to approve out-of-state tuition increase
Stephen Bell
Issue date: 6/19/09 Section: Campus
The finance and audit committee of the board of trustees planned to submit a formal approval at Friday morning's meeting to allow a 3.5 percent tuition increase for out-of-state students for the 2009-2010 year.
As Miami University President David Hodge said, the increase is vital to the preservation of current faculty and in-state tuition rates.
"We had signaled our intent to have (a 3.5 percent increase) in April … and it is the lowest we have done in a long time," Hodge said.
Hodge added the expected tuition increase for the 2009-2010 year is the lowest in 35 years and that the increase is required so necessary budget cuts do not dip into Miami's "bottom line."
"We don't have to cut staff because of this increase," Hodge said. "Given that every million dollars amounts to at least 10 faculty members, the expected increase will save around 30 faculty members."
Furthermore, Hodge explained for in-state tuition to remain the same, tuition for out-of-state students had to increase as part of a plan Ohio Board of Regents Chancellor Eric Fingerhut proposed to keep costs down.
"In exchange for the state approving this rate, there will be a 0 percent tuition increase for in-state students," Hodge said. "This raises in-state support by 6 percent, but gives the option for raising out-of-state tuition by 3.5 percent at Miami."
David Creamer, vice president of finance, also spoke highly of state support and what he described as Ohio's efforts to assist Miami in maintaining quality academic programs.
He explained, "even in a financial recession, the state of Ohio is providing a 6.5 percent increase in support so a tuition freeze will remain for Ohio residents."
According to Creamer, tuition for out-of-state undergraduates will be approximately $26,202 and $11,443 for in-state undergraduates during the 2009-2010 academic year. He added tuition rates for graduate students will remain the same ($25,759 for Ohio residents and $39,390 for non-residents) because it is paid by the state.
As Miami University President David Hodge said, the increase is vital to the preservation of current faculty and in-state tuition rates.
"We had signaled our intent to have (a 3.5 percent increase) in April … and it is the lowest we have done in a long time," Hodge said.
Hodge added the expected tuition increase for the 2009-2010 year is the lowest in 35 years and that the increase is required so necessary budget cuts do not dip into Miami's "bottom line."
"We don't have to cut staff because of this increase," Hodge said. "Given that every million dollars amounts to at least 10 faculty members, the expected increase will save around 30 faculty members."
Furthermore, Hodge explained for in-state tuition to remain the same, tuition for out-of-state students had to increase as part of a plan Ohio Board of Regents Chancellor Eric Fingerhut proposed to keep costs down.
"In exchange for the state approving this rate, there will be a 0 percent tuition increase for in-state students," Hodge said. "This raises in-state support by 6 percent, but gives the option for raising out-of-state tuition by 3.5 percent at Miami."
David Creamer, vice president of finance, also spoke highly of state support and what he described as Ohio's efforts to assist Miami in maintaining quality academic programs.
He explained, "even in a financial recession, the state of Ohio is providing a 6.5 percent increase in support so a tuition freeze will remain for Ohio residents."
According to Creamer, tuition for out-of-state undergraduates will be approximately $26,202 and $11,443 for in-state undergraduates during the 2009-2010 academic year. He added tuition rates for graduate students will remain the same ($25,759 for Ohio residents and $39,390 for non-residents) because it is paid by the state.
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