In the last meeting of the 2021-22 academic and fiscal year, the Miami University Board of Trustees on Friday, June 24, approved a 4% salary improvement pool for employees and Miami’s operating budget for the 2022-2023 fiscal year of $759 million.

To support a new mental health fee and keep up with rising costs and inflation, the board also approved an increase in tuition and fees. For the Oxford campus, Miami trustees approved a 4.6% increase in tuition for the fall 2022 Ohio resident cohort, and a 3% increase in tuition for the non-resident fall 2022 cohort. Providing cost certainty for students and families, Miami will lock this new rate in for incoming first-year students for four years.

Current continuing students — who comprise 72% of all undergraduate students enrolled on Miami’s Oxford campus — will not see an increase in tuition thanks to the Miami University Tuition Promise, which freezes tuition, room and board, special purpose fees, and course fees for four years for each incoming class.

Of note, net tuition costs for students entering in 2022 is $186 less than in 2006 when the net tuition paid per student was $11,220. Due to an increase in the number of scholarships and grants provided by Miami, the net tuition for students entering in fall 2022 will be $11,034. The amount of institutional financial aid awarded to Miami students has grown from $19.6 million in fall 2006 to $148 million for undergraduate students enrolled in fall 2022.

“Miami is grateful that our trustees continue to make financial considerations that support our faculty and students,” Miami University President Greg Crawford said. “We also understand the financial constraints families must consider when paying for college. We are pleased that the Miami Tuition Promise allows families to plan financially for their student’s education without worrying about yearly tuition increases. The Tuition Promise also ensures that a student’s renewable scholarships and financial aid dollars maintain their value throughout their four-year Miami experience.”

Miami provides additional support for those who need it most. The Miami Access Initiative ensures that academically competitive students from Ohio families with an income of $35,000 or less pay no tuition and fees. In addition, factoring in financial aid, 16% of all first-year students in fall 2021 paid no tuition and fees and an additional 36% paid less than $5,000 in tuition and fees to attend Miami’s Oxford campus.

The tuition increase will not cover the total increases in expenses for Miami given the high rate of inflation. According to the latest report from the Bureau of Labor Statistics, the annual inflation rate in May was 8.6%, its highest level since 1981.

Senior Vice President for Finance and Business Services David Creamer informed the Board of Trustees that the 4.6% tuition increase for resident students on the Oxford campus is the largest since fall 2006 when tuition rose by almost 6%, but the $1.9 million in additional tuition revenue from the resident increase is significantly less than the $11 million in additional spending for student scholarships and the $15 million growth in other university spending for next year.

Miami is ranked in the top 40 as one of the nation’s “Best Value Public Colleges,” the Princeton Review reports. The schools chosen as Best Value Colleges for 2022 comprise only about 7% of the nation’s four-year undergraduate institutions.

For more information on Miami’s tuition and affordability, visit

https://www.miamioh.edu/admission-aid/tuition-financial-aid/affordable-miami.html.

Trustees also:

• Approved a 6% increase in undergraduate tuition for Miami Regionals for the fall 2022 resident cohort and a 3% increase in tuition for Miami Regionals non-resident fall 2022 cohort.
• Approved a6% increase in tuition for traditional graduate programs, as well as a 2% increase in tuition for those continuing students not included in the Tuition Promise.
• Approved professor emeritus/emerita and administrator emerita status for several retiring employees.
• Approved tenure appointments for several faculty members.
• Delegated authority to the chair of the Board of Trustees to negotiate a contract extension with President Gregory Crawford. When approving the motion, Chair Mary Schell stated that the board is deeply impressed and highly satisfied with his leadership. President Crawford’s current contract is set to expire in June 2026.