Board Approves Increase in Fall 2022 Tuition, Student Health Insurance, and Housing and Food Rates

0

The board of trustees on Thursday approved increases in tuition fees, as well as accommodation and food costs. Credit: Lantern Archive Photo

The Ohio State Board of Trustees on Thursday approved a resolution to increase fall 2022 tuition, housing and food rates for incoming freshmen and graduate students.

Tuition fees, which include teaching and general fees, as well as compulsory fees and room and board rates for incoming students, will increase by 4.6%. Incoming students from out of state will have a 5% increase in their tuition and mandatory fees in addition to the 4.6%, according to the board meeting agenda.

Tuition and fees will cost about $12,485 per year for in-state freshmen and $35,019 per year for out-of-state students, according to the agenda of the meeting. In-state students will pay $549 more than in 2021, and out-of-state students will pay $2,252 more. The non-resident surcharge is the difference between in-state and out-of-state tuition. Incoming out-of-state freshmen will be subject to both tuition and fees and the surtax increase.

The estimated cost for room and board is an additional $13,966.

Tuition and fees for incoming graduate students will also increase by 4.6%, with an additional 2.5% increase for incoming out-of-state graduate students, according to the meeting agenda.

The change will not affect current university students, in accordance with the Ohio State Tuition Guaranteewhich locks in tuition for Ohio residents throughout their four years in college.

Student health insurance will increase by 4.9% to $3,530 per year, according to the meeting agenda.

Michael Papadakis, senior vice president of business and finance and chief financial officer of Ohio State, told the meeting that the university is facing financial difficulties due to a decrease in state funding, the stagnation of tuition fees from the tuition guarantee program and the impact of inflation. These factors have led to the increase in tuition fees, he said.

“There are significant inflationary impacts that we see both from a workforce perspective – meaning full-time employees and student employees as well – and then all the pressures on the commodity costs that we all see, whether it’s energy costs, food costs, etc.” Papadakis said.

These increases come one year after the Board Approved a 3.8% increase in tuition and instruction, as well as a 2.5% increase in food and accommodation rates for incoming freshmen in fall 2021.

The increase in tuition and compulsory fees also applies to regional campuses, according to the meeting agenda.

At the Lima, Mansfield, Marion, and Newark campuses, the estimated annual cost of tuition and fees for incoming in-state freshmen will be $3,944 or $24,237 for in-state students. out of state. In-state students at Wooster Agricultural Technical Institute will pay $8,900 while out-of-state students will pay $33,137, according to the meeting agenda.

Governor Mike DeWine said in a report Thursday that he is unhappy with the tuition hike because inflation is having a negative financial impact on families in the state.

“I’m disappointed that Ohio State is increasing tuition for new freshmen,” DeWine said. “It’s not a wise decision.”

Undergraduate international students will not see an additional increase, according to the meeting agenda.

Despite the increase, Ben Johnson University said in an email that Ohio State would remain the second most affordable public selective admissions university in Ohio for undergraduates in the state. and seventh for in-state tuition and fees among Big Ten schools.

Johnson said the university will also pursue the Scarlet and Gray Advantage Program – an initiative launched by University President Kristina M. Johnson to help students across Ohio State graduate debt-free over the next 10 years.

Share.

Comments are closed.