ISU Proposes 7% resident tuition increase per year over next 5 yrs

[cyclone87]

This is the result of continued state funding cuts to the University. It appears a good education in this country will only get harder to attain unless you are wealthy or connected to someone wealthy.

Allen told an Iowa Board of Regents' task force that since 2009 enrollment at Iowa State has surged by 37 percent, while general state appropriations for operations has declined by 30 percent over the same period. Iowa State received $3,700 less in state support per resident student last year than in 2009.

Iowa State University would increase its resident undergraduate tuition by 7 percent in each of the next five years under a proposal unveiled Wednesday by interim ISU President Ben Allen.

"We have reached a breaking point," Allen said. He warned that the quality of an Iowa State University education, the university's contributions to the state's economy and workforce, and its momentum in offering some of the nation's top-ranked programs are at risk without adequate financial resources.

For resident undergraduates, who are scheduled to pay $7,456 in tuition for the upcoming academic year, the 7 percent increase would raise costs by $522 annually for the 2018-2019 academic year with tuition increasing to $10,457 for the 2022-2023 academic year.

For non-resident undegraduates, who are scheduled to pay $21,292 for the school year starting this fall, they would face an increase of $852 for the 2018-2019 academic year with annual tuition increasing to $25,905 by the 2022-2023 academic year.

http://www.desmoinesregister.com/st...ual-tuition-hike-each-next-5-years/549703001/

 

[cmjh10]

Glad I got out when I did.

 

[cyclonespiker33]

That's absurd. I initially read it as 7% over the next five years. 7% EVERY YEAR for 5 years?!?! I'm glad I'm done with school.

 

[ArgentCy]

So much for their student growth. That is completely unnecessary. They also state in the assumptions that is assuming FLAT appropriations from the State.

 

[cyclone87]

The University probably has an idea of what is coming with continued cuts to funding under the current state gov't. No way with the current state budget issues that funding will hold steady.

 

[chadm]

check our neighbors to the east.
http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=982

Still a good education for less in Iowa.

 

[SoapyCy]

let's say tuition is 25k/year. 7% per year for 5 years results in 35k of tuition. 10 grand in 5 years? that's insane.

 

[Doc]

Ouch

 

[cyclonespiker33]

let's say tuition is 25k/year. 7% per year for 5 years results in 35k of tuition. 10 grand in 5 years? that's insane.

From OP

For resident undergraduates, who are scheduled to pay $7,456 in tuition for the upcoming academic year, the 7 percent increase would raise costs by $522 annually for the 2018-2019 academic year with tuition increasing to $10,457 for the 2022-2023 academic year.

 

[3TrueFans]

let's say tuition is 25k/year. 7% per year for 5 years results in 35k of tuition. 10 grand in 5 years? that's insane.

Someone already got in and out with a quality education, nice math work!

 

[cyclone87]

The U of I could see an even larger increase over the next 5 years:

For in-state undergraduates, such an increase would require hiking UI’s base tuition and mandatory fees by 33 percent from nearly $9,000 to nearly $12,000 over the next five years.

http://www.desmoinesregister.com/st...gents-tuition-task-force-kicks-off/510276001/

Neither of these proposal are official yet as I believe final proposals will be voted on in october.

 

[ExCyment]

The unbalance funding of the state universities probably contributes to this increase.

 

[BCoffClone125]

Yikes, glad I got my degree already. It makes sense that the university would reach a breaking point though. Dramatically increasing enrollment and less state funding do not pair well.

 

[brokenloginagain]

for an instate student, going from 7.5k to 10k a year is still a pretty good deal.

i'm not sure why you'd pay 25k out of state to go to ISU, but everyone has their reasons....

what's pvt school tuition these days, 50k+?

 

[ISUCubswin]

Well, good way to slow students growth while making more money. I love the fact that Iowa States student body has gotten to be so big, but I don't really think the Ames or Iowa State community was ready for such a big boom.

 

[cyclone87]

for an instate student, going from 7.5k to 10k a year is still a pretty good deal.

i'm not sure why you'd pay 25k out of state to go to ISU, but everyone has their reasons....

what's pvt school tuition these days, 50k+?

Some have scholarships to come her, others come from states where college is more expensive than that, and still other come for one of ISU's highly ranked programs (ie. Ag bio-systems engineering which is ranked first in the country). Many of the highly rated private schools are near or above $50k a semester.

 

[CysRage]

My sister has one more semester then our entire family is done. Good thing we all got out when we did if this proposal gets approved. My future kids on the other hand..

 

[Clonehomer]

So basically tuition is going to outgrow any interest gained from investing in kids' college accounts. Fantastic.

 

[BigGame]

I understand why some on here feel that the increase is bad, and it is if you're a prospective student, but it's a pittance compared to the cuts. Both ISU and Iowa charge by far the least amount in tuition compared to their peer institutions. BY FAR. Faculty and staff have averaged less than 2% raises the last 6 years. Nothing for I believe 3 of those years including this year. Faculty:student ratio has grown a lot as a result. That hurts students. Meanwhile, the on-campus amenities have gotten exponentially nicer. The 3 regent universities had to cut $30 million from their budgets, 2 months before the budget year ended! That's crazy! I don't care about anyone's politics, but if you support big corporate tax cuts, there's only 1 thing that can happen to tuition. If you're ok with that then that's fine, but it's just a fact that has to be acknowledged. The budget cuts are happening despite the state economy growing, so I suspect that this request is still a bit too small unfortunately. And I suspect next week when Iowa makes their budget request, some might relax on complaining about ISU's 7% request.

 

[mb7299]

There really arent many jobs that are worth a BA already raising the costs so much each year will pretty much make a degree a net negative for most people in the future. Jobs arent going to pay 7% more the next five years to make up for the costs.