Tuition at ASU will increase $58 beginning fall semester. In action by the Board of Regents at their April board meeting, tuition was increased $37 at two-year institutions, $58 at state colleges and state universities, and $135 at research universities.
“We pressed hard to keep tuition well below the double-digit mark, and our funding partners helped us achieve that goal,” Chancellor Thomas C. Meredith says. “The Governor and the General Assembly responded to our needs by fully funding the enrollment growth formula, and that allowed us to alleviate the impact of the tuition increase. We are grateful the state’s tax revenues are rebounding, and for the support we are receiving as those additional funds are redirected to higher education.”
For the upcoming fiscal year, the University System has received $103.4 million in new formula dollars, which helped to decrease the size of this year’s tuition increase. Those funds are used to address student enrollment growth, thereby reducing a heavier reliance on tuition to meet increased operating costs.
During the 2005-2006 academic year, tuition will generate approximately $43.6 million in revenue—based on actual enrollment—to meet several goals set forth by Chancellor Meredith. Those goals include promoting admissions access and keeping tuition low to ensure affordability at the system’s two-year colleges; helping regional and state universities remain competitive; and fostering national competitiveness at the system’s four research universities.
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Last Modified: April 29, 2005 by K. Smith
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