INDIANAPOLIS – The Board of Trustees for Ivy Tech Community College today approved a $4.65 per credit hour tuition increase for the 2009-10 academic year.
The current 2008-09 in-state student tuition rate is $95.00 per credit hour. The new 2009-10 rate will total $99.65 per credit hour; a less than $5 a credit hour increase. The trustees also approved the 2010-11 per credit hour rate of $104.55. The cost for full-time students taking 15 credit hours will increase by $69.75 per semester in 2009-10 and by $73.50 per semester in 2010-11.
Ivy Tech also announced that its cost-savings efforts performed throughout 2008-09 academic year are going to allow the community college to hire 90 additional full-time faculty and student services staff members.
“The dedication of our faculty and staff around the state in re-engineering the College and striving to find efficiencies and cost-savings this past year allowed us to keep our tuition as low as possible,” said Ivy Tech President Thomas J. Snyder. “We have grown faster than any other college in the state and are now the largest provider of higher education to Hoosiers. Our cost-savings efforts and this increase in tuition will help hire more faculty and student services staff to accommodate our continued growth.”
“We are dedicated to keeping higher education affordable for Hoosiers across the state while at the same time being the best value to the taxpayers of Indiana,” said Ivy Tech State Board of Trustees Chair Kaye Whitehead. “We will continue to free up more money during these tough times to make college a possibility for as many Hoosiers as possible.”
In addition to hiring additional full-time faculty, financial aid staff and student services staff with the cost savings and tuition increase, the College plans to pay for higher utilities and maintenance costs for existing facilities, pay costs associated with opening new facilities along with information technology needs.
In addition, Ivy Tech will increase institutional financial aid by 5.9 percent, a full percentage higher than the tuition increase. The maximum Pell grant award was also increased from $4,731 to $5,350 for the 2009-2010 academic year.
“We will continue to provide our students with a wide variety of financial aid options and expect to see an increase in the aid available. Even with our increase of less than $5 per credit hour, we will remain Indiana’s most affordable college and continue to be the lowest cost college/university to the state of Indiana,” Snyder said.
The trustees also approved new technology fees, which will increase to $50 per semester for 2009-10 and $60 per semester for 2010-11 from $40 in 2008-09.
Ivy Tech Community College is the state’s largest public post-secondary institution and the nation’s largest singly-accredited statewide community college system with more than 130,000 students enrolled annually. Ivy Tech has campuses throughout Indiana. It serves as the state’s engine of workforce development, offering affordable degree programs and training that are aligned with the needs of its community along with courses and programs that transfer to other colleges and universities in Indiana. It is accredited by the Higher Learning Commission and a member of the North Central Association.
Frequently Asked Questions – Tuition
The decision on student fee levels is always one of the most difficult decisions of the year as extra costs are balanced against the need for improvements. This year’s decision is complicated by the large enrollment increase and the inability of the State to afford to pay its full share.
Why is the College charging differential fees for different programs?
Some programs are significantly more expensive to offer than others. This may be for a variety reasons including equipment and class size restrictions.
What is the tech fee used for?
The technology fee is used for technology needs across the College. It is utilized for computer equipment, computer labs, equipment replacement, technicians, networking, student e-mail platforms along with assisting in paying for the integrated information system used for student records, financial aid, billing and enrollment reporting. This is the first time that the tech fee has increased in two years.
When would the new tuition take effect and will it affect current students?
The new tuition and fees would take effect on all students (new and returning) starting with the Fall 2009 semester.
Will the increased tuition and fees be used for pay raises for staff?
None of the increases will be used for pay increases for staff. In fact the College announced that its 2009-10 budget includes no pay raises for faculty/staff throughout the College.
Will we see increased financial aid?
Pell grants are increasing significantly. In addition the College plans to increase institutional financial aid by 5.9 percent and amount greater than the tuition increase.
How will the additional dollars be spent?
The additional tuition will be go towards additional full-time faculty and student services staff, improvements in technology, pay for higher utilities and building maintenance and serving additional students.