ROOM AND BOARD RATES

In order to maintain the current level of operations on a sound financial basis the University is requesting an increase in room rates of 8% and board rates of 2%. The primary reason for the size of the room rate increase is a significant spike in utility rates, in addition to the need to cover debt service on bonds funding data communication wiring in the dorms, pay raises for employees, and the cost of operating the computing network within the residence halls.

The requested increase in board rates is modest and reflects the effects of inflation and employee pay raises.

Comparative Room and Board rates at other institutions are attached.

The President, with the concurrence of the Chancellor, recommends that the Board of Regents approve the increase in room and board rates beginning with the fall 2001 semester.