Release Date: May 15, 2008
ASU Tuition, Fees Rise 5.87% for 2008-09 Academic Year
Tuition and fees for Angelo State University students will increase 5.87 percent this fall after the university’s budget recommendation, determined by zero-based budgeting, was approved by the Board of Regents of the Texas Tech University System.
ASU administrators followed the directive of the board and of Texas Tech Chancellor Kent Hance to minimize any increases for the next academic year and trimmed an initial 18 percent request to the 5.87 percent level.
Board approval means that designated tuition will rise from $75 per semester credit hour to $82.25 a credit hour while statutory tuition as set by the state will remain at $50 per credit hour. The total tuition rate, which combines the designated and statutory tuition, will be $132.75 per semester credit hour. For a student taking a 15-hour course load, tuition costs will rise from $1,875 to $1,983.75 per semester.
In addition to the tuition increase, some fees also rose. The university center fee increased from $50 to $55; the library fee from $3 to $3.50; the recreation sports fee from $29 to $32; and the technology services fee from $240 to $270.75. A new athletics fee for scholarships was created for $15 while a publication fee of $5 and a records maintenance fee of $15 were eliminated. All other fees – student services, medical services, international education and advising center – remained the same.
With the new fees, the total cost for an ASU student taking 15 semester credit hours this fall would be $2,705.35, compared with $2,555.35 last fall.
ASU President Joseph C. Rallo said, “Even with the increase Angelo State remains one of the best educational values in the nation and the state, particularly when you consider the quality of the education and the amount of scholarships and financial support we provide our students.”
The ASU budget building process will include the allocation of a 2 percent merit pool for faculty and staff. ASU has spent the last year doing comparative market studies for both faculty and staff salaries. Some funding will be identified to begin addressing the discrepancies that have resulted from the studies.
Finally, strategically moving the institution forward requires some funding for initiatives such as recruitment and retention efforts. While the approved increase in tuition and fees was significantly less than the original recommendation, additional revenue can be generated through growth in the number of students attending ASU. Any shortfalls in revenues will be covered by ASU reserves.
Sharon Meyer, ASU vice president for finance and administration, said, “The Board of Regents was extremely sensitive to the rising cost of education and asked that the university reduce our request to an overall 5.87 percent increase. The university will utilize one-time reserves to fund the costs that are not covered by a fee increase, including expanded service hours, increases in mandated minimum wages for departments that are dependent on student employees and enhanced services offered to the students.”
“These services,” Meyer said, “support Chancellor Hance’s vision of offering our students ‘more than an education.’”