Purdue Trustees Endorse Tuition Freeze

Posted: Updated:
The tuition and fee recommendations will now go to the Executive Committee for a May 31 public hearing, followed by a vote for final approval. The tuition and fee recommendations will now go to the Executive Committee for a May 31 public hearing, followed by a vote for final approval.
WEST LAFAYETTE -

Purdue University's board of trustees has endorsed another two-year tuition freeze on the West Lafayette campus, which would result in a total of six years with no change in base tuition. The board has also approved an operating budget for fiscal year 2018 that includes a 2.5 percent merit pay increase for employees on the main campus.

The proposal approved by the Finance and Executive committees, acting on behalf of the board, calls for 1.4 percent tuition increases for each of the next two years at Purdue Northwest and IPFW. President Mitch Daniels says thoughtful budgeting is allowing the university to invest in student affordability, teaching and research excellence.

Purdue's base tuition has remained flat since 2012. Daniels says, if the school had raised rates at the national average, in-state tuition would be more than $1,000 per year higher. The school says the policy has paid off, as in-state applications for the upcoming academic year are up 7 percent, with the incoming freshman class expected to be the largest since 2008.

On the spending front, trustees have endorsed a more than $2 billion budget at the West Lafayette campus in 2018, along with $170 million at Purdue Northwest and $166 million in Fort Wayne.

The tuition and fee recommendations will now go to the Executive Committee for a May 31 public hearing, followed by a vote for final approval.

  • Perspectives

    • Putting Your Best Foot Forward, And Not in Your Mouth

      Once every quarter, CEOs and CFOs of public companies feel their pulses quicken and their temples throb as they stare at the boardroom's speakerphone. In moments, they'll be connected to dozens of analysts and investors, many who are eager to question their competence. Even the savviest, most confident C-level leaders dread those calls. So much rides on what they say and how they respond to the questions they'll receive.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (file photo courtesy Indianapolis International Airport)

      Indy Airport Looking Into Possible New Hotel

      Officials continue to test the waters regarding a potential new hotel at the Indianapolis International Airport. The Indianapolis Airport Authority has issued a Request for Expression of Interest in an effort to further explore the possibility of constructing a hotel next to the airport terminal parking structure. The IAA says it will use the process to take into account the impact an airport hotel would have on the surrounding hotel markets and how this would impact the...

    • Manufacturer Adding Production in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.

    • Infosys Picks Indy For Training Center, 1K Additional Jobs

      Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.

    • (Image courtesy of Purdue University Northwest.)

      Reverse Transfer Deals in Place Among Ivy Tech, Five Universities

      Five universities in Indiana have signed reverse transfer agreements with Ivy Tech Community College. President Sue Ellspermann says the announcement moves forward Ivy Tech's goal of issuing 50,000 certificates, certifications and degrees per year. She adds "this agreement ensures students receive the degree they have earned, providing them a meaningful credential from which working students can get a better job and, as research in other states has found..."

    • Christopher Jensen

      Elanco Names CFO

      Greenfield-based Elanco Animal Health has named Christopher Jensen senior vice president and chief financial officer. He most recently served as CFO for Celanese Corp. Jensen's previous experience includes financial planning and analysis, treasury, tax, accounting, financial shared services, audit and IT.