The Board of Trustees today approved a 3.5 percent increase to tuition and general fees, and a 3.3 percent increase to the transportation fee.
The tuition increase – amounting to $318 per year for the average Akron student – will help ensure that the University continues to provide students with excellent academic programs and services.
The increase is in response to budget pressures due to significantly reduced state funding of nearly $30 million over two years. Further, the increase will enable investments into the priorities identified in the University's strategic plan, Vision 2020.
To help minimize the effect on students, the University will increase scholarship funding by 3.5 percent as well. In 2011-12, the University committed more than $37 million to scholarships.
For students who take between 12 and 16 credit hours, the University will continue to charge tuition for only 12 hours. Additional tuition is charged beyond 16 credit hours. That “cap” was revised upward (from 15 to 16) in 2009, after a study indicated that full-time students could complete 128 hours within eight terms on their way to graduation. Further, to help alleviate the financial burden on students, a study of the University's fee structure and scholarship offerings is underway.
The increases approved today are in line with tuition and fee adjustments at other Ohio public universities.
Board members also approved a tuition increase of 6.3 percent for law students.
Beer sales approved at stadium
The Board voted to modify the University's alcohol policy to allow the sale of beer in the main seating area of InfoCision Stadium–Summa Field, starting this fall.
After a comprehensive review of alcohol policies at other football stadiums, the Department of Athletics presented a plan that acknowledges the wishes of many football fans while managing alcohol consumption through strict guidelines for concession and distribution control. Full story.
Tenure and promotion for faculty
Congratulations to the 35 faculty members who received tenure or a promotion in rank or both, following a Board vote today.