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New tuition rate will sustain investments in people and programs
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New tuition rate will sustain investments in people and programs
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The University of Akron Board of Trustees today approved a recommended budget for Fiscal Year 2005-2006 that includes a 6-percent increase in tuition, effective for Fall Semester 2005. We want to explain to you why that decision was made and how it sustains an investment in the quality of your education here.

In the past five years, the University has continually improved quality by increasing efficiency, reducing costs and strategically reinvesting the savings in areas that advance student success and retention. The University has strengthened programs and capabilities, dramatically enhanced campus facilities and technology, achieved focused enrollment gains, and increased private and research funding—even though state funding fell to a 24-year low in inflation-adjusted dollars this fiscal year.

For the 2005-2006 fiscal year, the University’s projected budget also includes rising operating costs, which contribute to a total projected shortfall of approximately $10 million. Those budgeted expenditures include:
  • Utility costs increasing by at least $1.3 million;

  • Group health insurance costs rising by $1.5 million;

  • Salaries increasing by $3 million, or 2.5 percent, to help the University recruit, retain and reward highly qualified and successful faculty and staff members, realizing that its employees assumed a larger portion of their health care costs—up to 2.8 percent of their salaries—starting in 2004.

To balance the budget for the coming fiscal year while maintaining our commitment to academic quality, the following actions have been approved:
  • Reduce the projected shortfall by $3.3 million through budget cuts, reallocations and efficiencies, along with postponement of hires and elimination of some vacant positions.

  • Increase tuition/general fee by 6 percent, with no increase in facilities, technology, library or parking fees. The Ohio Board of Regents includes every fee paid by all students in creating its standard year-to-year cost comparison of public universities. By that standard, Akron’s increase is 5.57 percent, the lowest among Ohio public universities this year. For fall 2005, Akron ranks 7th among 11 state universities in terms of overall costs.

  • Increase University-funded scholarships and financial aid to students by approximately 6 percent.
    Introduce new scholarships in Summit College (with $700,000 from a GAR Foundation grant and matching gifts) and in the Honors College (through proceeds from a $4.8 million estate endowment).

Raising tuition is not a step that is taken without extensive analysis and deliberation, and after all appropriate avenues for expense reduction have been taken. In the final analysis, the choice is one between increasing tuition or reducing the quality of education and services that we provide to you. In that context, we must choose to maintain quality.

More information is available online at http://www.uakron.edu/tuition.

Thank you for allowing us to serve you.

Sincerely,



Sharon L. Johnson
Vice President for Student Affairs
The University of Akron
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How to Get Your Information In Zipmail
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The University of Akron's Zipmail is a compilation of University announcements for University students, sent each Friday unless circumstances require otherwise. The deadline for submissions to be considered by the University is 5:00 p.m. on Wednesday.

Zipmail is a University of Akron communication vehicle established for the benefit of The University of Akron to communicate with its students. Items will be accepted for publication only when the University is directly involved in the activity through participation, sponsorship, or partnership with one of its recognized organizations, colleges or departments. The University reserves the right to edit or to refuse to run any submission for any reason. Zipmail is not, nor is it intended to be, a public forum or a limited public forum. Questions about the implementation of this policy may be directed to zipmail@uakron.edu.

Items to be considered for inclusion in Zipmail should be sent through the Zipmail Event Submission Form. Due to the volume of submissions received, items will not run more than one time.

Questions about specific announcements should be made to the contact person/department/organization listed in the announcement.Your event will automatically be forwarded to the University's online calendar. The Zipmail Coordinator can be reached at x2837.
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