McRobbie discusses tuition and fee rates for IU students

IU President Michael A. McRobbie sent an email to friends of the University on Monday outlining tuition and fee increases recently approved by the IU Board of Trustees, state funding IU will be receiving, when the new rates will come into effect and who will be affected.

“As we prepare for what I am confident will be another exciting academic year across all our campuses,” McRobbie said in the email.

“I want to take a moment to thank all our employees — faculty and staff — whose hard work, creativity, talent and passion serve as a regular source of inspiration for me, and who continue to serve the needs of our students exceedingly well. And, as always, the invaluable support of our alumni and friends around the world is very much appreciated.”

Increases
Tuition and fees for Indiana resident undergraduates will increase an average of 1.75 percent each of the next two years.

Tuition and fees for Indiana non-resident undergraduates will increase an average of 1.75 across all campuses, except for IU Bloomington where tuition and fees will increase 2.75 percent each of these next two years.


Putting it in perspective
The average cost of a typical 3-credit course for Indiana resident students will increase by less than $20 in absolute terms.

More than 9,000 students will see no increase in tuition and fees for the 2013-14 academic year under the “Finish in Four” program, which debuts this fall.

The “Finish in Four” program provides a credit equal to any increase in tuition and fees to all students entering their third or fourth year on an IU campus who are on track to graduate in four years.

Funding
IU Bloomington will receive $184.8 million in state funding in the coming year, a 2.5 percent increase from this year.

IUPUI, not including the schools of medicine and dentistry, will receive $96 million, a 6.5 percent increase from this year.

The IU School of Dentistry and the IU School of Medicine, which are exempt from the performance funding formula because of their specialized missions, will receive a combined $109.4 million in state funding next year, a 3.5 percent increase from
current levels.

Other information
IU had 11 line-item requests, all of which received funding, most at current
levels.

IU will receive $2.5 million from the Indiana Economic Development Corporation to support research activities that specifically benefit the state of Indiana and another $1.45 million from the state to fund dual credit courses offered by Indiana high schools.

— Makenzie Holland