The action today authorizes Purdue administrators to develop a detailed budget plan that will be brought to the board of trustees for final approval at its May 24 meeting.
The trustees also made official a 5 percent increase in student fees. Starting in the fall, in-state students on the West Lafayette campus will pay $3,208 a year, $152 more than the current fee. Fees for full-time out-of-state students will be $10,636 a year, up from $10,128.
"This budget is the second phase of a two-year budget plan developed in 1995," President Steven C. Beering told the trustees. "It is lean, but it reflects the best fiscal situation we have had in the 1990s. We have been able to hold student fees a full percentage point below the increase we had anticipated, and we will keep faculty salaries competitive relative to our peer institutions."
Executive Vice President and Treasurer Frederick R. Ford said an improved financial picture translates into benefits for Purdue students. "We are especially pleased that we are able to make significant improvements in the video and computer equipment that is increasingly important to classroom teaching," he said. "The university also is able, for the first time, to support a medical insurance plan for graduate student employees who are half-time or more. This will enhance our ability to compete for the best graduate students."
Ford said Purdue West Lafayette will remain in eighth place among Big Ten institutions for in-state student fees and sixth for out-of-state student fees. He also pointed out an added financial benefit for students who live in university-owned housing: "Because we were able to have only a small increase in residence hall fees, in-state students who live on campus actually will experience only a 3.5 percent increase in their total costs," he said.
Fees for students on Purdue's campuses in Hammond and Westville and in the university's Statewide Technology program will go up by 4.5 percent. At Purdue Calumet and Purdue North Central, the new undergraduate fees will be $87 per credit hour, up from $83.25 for in-state students. Out-of-state student fees will increase from $209.50 to $219. Statewide Technology students from Indiana will pay $86.60, up from $82.85. Out-of-state students will pay $220.45, up from $210.95.
At Indiana University-Purdue University Fort Wayne, the new charge per undergraduate credit hour will be $93.85, up from $89.40 for in-state students. Out-of state-student fees will go from $213.95 to $224.65.
State appropriations and student fees make up about 80 percent of the West Lafayette campus general fund budget, which was $387 million for 1995-96. The 1995-96 general fund budget for the entire Purdue system was $488 million.
Purdue's overall operating budget is made up of the general fund budget; federal and industrial research money; gifts; student aid; and income from self-supporting auxiliary enterprises such as housing and food services, intercollegiate athletics and other service enterprises.
Sources: Steven C. Beering, (765) 494-9708
Frederick R. Ford, (765) 494-9705
Writer: Joseph Bennett: (765) 494-2082; Internet, email@example.com
Purdue News Service: (765) 494-2096; e-mail, firstname.lastname@example.org
To the Purdue News and Photos Page