YSU Freezes Tuition, Fees, Housing Costs
YOUNGSTOWN, Ohio – Tuition, fees and housing costs will be frozen at current levels for next academic year at Youngstown State University, maintaining the university’s status as the most affordable public university in Ohio and western Pennsylvania, officials said.
Meeting Thursday, the YSU Board of Trustees’ Finance and Facilities Committee approved a fiscal year 2017 budget that, for the second consecutive year, includes no tuition increase for undergraduate students. The full board will vote on the resolution later this month.
Full-time tuition will remain at $8,087 a year for Ohio residents, the lowest among the state’s largest public universities and nearly $1,600 below the statewide average.
In addition, full-time tuition for out-of-state undergraduate students living in the 22-county “affordable tuition advantage area” in Pennsylvania, West Virginia and New York will remain at $8,327 a year, the university said. The rate is well below tuition at competing universities in western Pennsylvania.
“In light of growing public concern over rising college costs and student debt, YSU continues to work hard to keep student expenses as low as possible and to position itself as the most affordable quality option in the competitive state and regional higher education marketplace,” YSU President Jim Tressel said in a statement.
In addition to undergraduate tuition, the board voted to freeze more than 100 other fees for next academic year, including lab and materials fees, parking permits, transportation fees and late fees.
Room and board fees for YSU residence halls also will go unchanged for next academic year. The $8,990 annual housing fee is the lowest, by as much as $3,000, among Ohio’s comprehensive, four-year public universities.
The budget expands YSU’s bulk tuition rate, saving hundreds of students hundreds of dollars. Previously, undergraduate students could register for 12 to 16 credit hours per semester and pay the one “bulk” tuition rate. Under the new plan, the “bulk” rate is 12 to 18 credits. That means students can take two additional credit hours without any additional charge.
While tuition for undergraduates is staying the same, rates for graduate students will increase 2.5% for next academic year to $5,781 per semester.
The $169.8 million fiscal year operating budget approved by the board assumes stable enrollment and a 2.2% increase in state funding. It is YSU’s first operating budget in five years without a structural operating deficit.
“Since 2012, when state funding support dropped sharply and YSU’s student enrollment levels continued to fall, the university experienced revenue shortfalls that outpaced efforts to reduce expenses,” said Neal McNally, vice president for finance and business operations. “But through a combination of strategic investments in student recruitment, modest revenue enhancements, and spending reductions, the budget deficit has been erased.”
The board committee also approved the university’s efficiency review and implementation plan, which includes dozens of recommendations on how to increase cost savings on campus.
SOURCE: YSU News Center.
PICTURED: Photo of YSU’s Jones Hall posted on university’s website.
Copyright 2023 The Business Journal, Youngstown, Ohio.