The head of Illinois State University's Board of Trustees says this year's tuition hike is the lowest since he has been on the board. Michael McCuskey says even most institutions in the state are raising their rates more than ISU this year. Outgoing President Al Bowman says despite the increase tuition rates for instate students are still "competitive"
"New in state under graduate students we are recommending 342 dollars per semester hour for the 2013-14 academic year. That is seven dollars or 2.1% more."
Trustee J.D. Bergman says the increase was necessary with the decline in state funding.
"We are presumably going to be passing the resolution today with a very very small increase. It is the best that we can do with a very very bad situation."
Seventy percent of current Illinois State Students will not feel the effect of the recently approved increase in tuition, because the truth in tuition law freezes rates for four years. The average annual impact of this year's hike is about a half a percent. Starting this fall, ISU will cost a total of $22,264 to attend. That is only a couple hundred dollars more than last year.
Room rates are rising by 3% and dining fees by 2.5%. ISU has historically done well in college affordability indexes. It is in the top 20% of affordable institutions according to U.S. News and World Report. The tuition increase is expected to generate about $2.1 million. ISU plans to use that for what it terms modest salary increases.
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