The IU Board of Trustees approved a 3.46% increase in room and board costs at its Thursday meeting at IU-Purdue University Indianapolis.
The cost of room and board for the 2020-21 school year increased by $375. In 2019, the Board of Trustees increased the price of room and board by $365, according to an IU press release.
IU treasurer Don Lukes said the cost increases are due to market analysis and comparison, as well as other factors, according to a tweet from IU.
According to a tweet from IU, its room and board rates are in the bottom half of Big 10 schools. The university claims that on-campus housing is still cheaper than most off-campus housing.
The Finance, Audit and Strategic Planning Committee approved Housing cost increases at IUPUI and IU South Bend as well. T.
Vice President and Chief Financial Officer John Sejdinaj said renovations of on-campus housing, some due to the mold discovered in them, have resulted in the loss of thousands of beds on campus, but Foster, McNutt and Teter quads will reopen in the fall, according to a tweet from IU.
The board will meet again Friday to discuss the current projects review and receive reports from the president and faculty.