OU regents vote to increase tuition, fees
Wednesday, June 25th 2003, 12:00 am
By: News On 6
LAWTON, Okla. (AP) _ Tuition will increase by 17.5% and with fees, costs could go up as high as about 39% at the University of Oklahoma.
The OU Board of Regents approved a $1.19 billion budget for fiscal year 2004 during a monthly meeting Tuesday at Cameron University. The regents voted unanimously for a 17.5 percent tuition increase.
Resident freshmen students will pay $3,982.50 in tuition and fees for 30 credit hours, or 39.2 percent more than last year. Resident undergraduate students will pay $3,741 in fees and tuition for 30 hours, an increase of about 27.7 percent.
Nonresident freshmen will pay $10,111.50 in tuition and fees for 30 hours, a 31.2 percent increase, while other nonresident undergraduates will pay $10,254 in tuition and fees for 30 hours, a 27 percent increase.
On the graduate level, resident students will pay $3,727 in tuition and fees for 24 hours (25 percent more). A new resident graduate student will pay $3,985 in tuition and fees for 24 hours, a hike of 33.7 percent.
New nonresident students will pay $10,523.80 in tuition and fees for 24 hours (26 percent increase), while other nonresident graduate students face a $10,781.80 increase on tuition and fees for 24 hours (29 percent increase).
The OU Health Sciences Center will receive $658.4 million of the $1.19 billion budget, while $538 million will go to the Norman campus.
``State revenues have taken a downfall of $500 million below previous estimates and the university has experienced $25 million in cuts,'' OU President David L. Boren said. ``It is a lean budget that is balanced, barely.''
``Without going above a seven percent increase, we would had to have laid off a significant amount of staff,'' Boren said.
``Through talking with students we found that fees can be misleading, so we have combined fees and put them in layman's language.''
OU expects its increases to produce $11 million to $12 million.
Last week, Oklahoma State University regents approved tuition and fee increases of 29 percent for freshmen and 24 percent for returning students.
OSU hopes its increases will generate about $9 million.
The regents also approved a $40,316,000 contract to Oscar J. Boldt Construction of Oklahoma City for construction of the National Weather Center.
The university received final construction bids June 3 for the weather center, which the regents approved in 1998.
The current project budget is $67 million.
Ground breaking is set for Aug. 1 and the project should take three years, said Nick Hathaway, executive office president.