MUNCIE — The Ball State University Board of Trustees on Friday approved a 1.45% tuition and mandatory fees increase for each of the next two academic years, and no rate increases for room, board or parking fees for the 2021-22 academic year.
The "modest" tuition and mandatory fee increase "extends a decade-long trend of remaining at or below the Indiana Commission for Higher Education (ICHE) cap recommendations for these costs," a release from the university stated. "The sustained period of low tuition growth is the longest for Ball State since World War II. The combined (room, board, tuition, mandatory fees, and parking) increase in cost for 2021-22 is the lowest in 20 years at Ball State."
Since 2013, Ball State’s cost per degree awarded has only increased by 1.5%. That is compared to the consumer price index (CPI) rising 10.4% and the Higher Education Price Index (HEPI) increasing 18.4%, according to the release.
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Ball State will distribute more than $44 million in institutional financial aid and approximately $20 million in federal COVID relief funds to its students next year.
“We know affordability is among the key concerns for our students and families,” Ball State Board of Trustees Chair Renae Conley said in the release. “Our Board focuses on keeping rates unchanged or very low if increases are necessary. We have done that again, as we have done historically for the last decade."
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