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IU Trustees Approve Increased Room And Board Rate

The new rates will vary by campus and depend on which facility and meal plan is chosen.

iu trustees

Photo: Bill Shaw

Officials say the increases in Bloomington are necessary to cover depreciation, maintenance and utility costs, as well as future updates.

Indiana University trustees have approved on-campus room and board rates for the 2014-15 academic year.

Rate increases for the most commonly requested room and board package at IU campuses are as follows:

  • IUPUI: 4.6 percent
  • IU South Bend: 2 percent
  • IU Southeast: 1.5 percent
  • IU Bloomington 3.76 percent

The new rates will vary depending on which facility and meal plan is chosen.

The standard meal plan for 2014-15 will also increase by 1.6 percent.

IU Vice President and Chief Financial Officer MaryFrances McCourt says the increases in Bloomington are necessary to cover depreciation, maintenance and utility costs. They reflect the need for ongoing improvements to older residence halls, as well as future updates.

“My role there is to make sure that the rates we put in place ensure a viable operation, that we’re funding reserves for improvements for the housing and we can deliver the programming that students want,” McCourt says.

McCourt noted despite the rate increases, IU Bloomington’s student housing costs are expected to remain relatively low when compared to other Big Ten schools. IU Bloomington’s most prevalent room and board rate is currently the eighth-highest among all Big Ten universities.

Taylor Killough

Taylor Killough is a graduate of the University of Illinois at Urbana-Champaign and has studied anthropology and digital journalism. She has professional experience in education and communications and is excited to be a part of the award-winning team at WFIU/WTIU.

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