Oxford, Ohio 45056
(513) 529-1950 fax
Miami Trustees set tuition and budget guidelines
OXFORD, Ohio -- Today (June 19) Miami University trustees voted to raise tuition and fees for the 1998-99 academic year by 5.9 percent. Forty percent of the tuition increase will be earmarked for increased financial aid, with the remainder providing support for the university's operating budget.
Tuition and fees for in-state students in Oxford will be $5,726, up $320 from last year. Cost for out-of-state students will be $12,186.
Tuition for lower level courses at Miami's Hamilton and Middletown campuses will increase 3 percent. With last year's 2 percent decrease, there is a 1 percent net increase over two years.
Trustees approved a $309 million budget that is 6.4 percent higher than fiscal year 1997-98. The largest increase is a 19.8 percent hike in student financial aid, bringing to $21 million the amount for scholarships and other aid.
Budget highlights include $2.1 million in new scholarships and other financial aid, salary adjustments for eligible faculty and staff, $1 million for computing system upgrades and a 2.5 percent operating budget increase.
"The salary adjustments follow a trustee mandate to bring salaries up to national averages," said Edward J. Demske, senior vice president for finance and university services.
Trustees allowed an experimental program of one-to-two years that would alter Miami's "no car" rule to allow seniors to register vehicles on campus and ask the city of Oxford to assist in enforcing Miami's "no car" rule off campus.
Trustees also approved asking the Ohio Board of Regents to issue $25 million in new bonds to pay for construction of a student development center for student-athletes, credit union and child care center, in addition to renovations and rehabilitation of existing residence and dining halls.
The Walter L. Gross Family Student Development Center will be primarily financed by private donations. Funds for the other projects will be repaid largely by rent, user fees and room and board fees.
Major renovations include relocating the university bakery and commissary, expanding the food court at the Recreational Sports Center and adding student activities space.
In other actions, trustees amended parts of the Student Handbook regarding class attendance and the student code of conduct.