Indiana University trustees approve room and board rates for 2016-17
FOR IMMEDIATE RELEASE
INDIANAPOLIS -- The Indiana University Board of Trustees has approved on-campus room and board rates for the 2016-17 academic year.
At IU Bloomington, where about 12,400 students live in residence halls and apartment housing, the cost of the most commonly requested room and board package -- currently $9,795 -- will increase by 2.5 percent, or $245.
This package includes an air-conditioned, double-occupancy room in a mid-amenity residence hall and a standard meal plan. Demand for housing on the IU Bloomington campus remains strong, with occupancy approximately 93.4 percent this year.
The new rates will vary, depending on which facility and meal plan is chosen. Room increases range from 0.5 percent (for several one- and two-bedroom and efficiency apartments) to 3 percent for standard and enhanced residence hall accommodations.
The standard meal plan for 2015-16 will increase by 1.5 percent, or $50, to $3,300.
In her presentation to the trustees, Senior Vice President and Chief Financial Officer MaryFrances McCourt said the university continues to focus on student affordability in all aspects of university operations. The increases in Bloomington are necessary to cover depreciation, maintenance and utility costs. They also reflect the need for ongoing improvements to older residence halls as well as future capital projects that will enable the university to reach its goal of updating all of its residence halls by 2020.
The largest current project at IU Bloomington is the renovation of Read Residence Hall. The second phase of the current Read room renovation project will begin this summer. This project will include air conditioning, new windows, upgrades required to comply with the Americans With Disabilities Act, a sprinkler system, a new roof, card swipes on student room doors and restroom upgrades.
The Wells Quad renovation is another significant project that will include about 188 beds and a dining facility scheduled to open in fall 2017. Additionally, the Forest Quadrangle renovation continues with new windows, student room card access, bathroom upgrades and a sprinkler system.
Despite the rate increases, IU Bloomington’s student housing costs are expected to remain relatively low when compared to other Big Ten schools. McCourt said the cost of Bloomington's most prevalent room and board rate is currently the ninth-highest among all Big Ten universities.
In recent years the university has introduced on-campus student housing at its campuses in South Bend and New Albany. University Tower at Indiana University-Purdue University Indianapolis is a multi-use facility that provides 560 beds in rooms with contemporary furnishings, modern amenities and access to dining, fitness and social spaces. The North Hall, a new 700-bed residence hall, will open at IUPUI in fall 2016.
Rate increases for the most commonly requested room and board package at other IU campuses are as follows:
- IUPUI: 3.2 percent
- IU South Bend: 1 percent (room only)
- IU Southeast: 1.7 percent (room only)
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