Illinois State University’s Board of Trustees met on Friday to finalize tuition, fees and room and board rates for incoming freshmen, transfer and graduate students for the 2020-2021 school year.
The Board approved of an extension to President Larry Dietz’s contract term through Dec. 31 as well. Dietz’s current contract went into effect on Sept. 30, 2017 and was set to expire on June 30.
Along with Dietz’s contract extension, the Board endorsed the university to begin a six-month extension of the current Connect Transit agreement for transportation services from July 1 to Dec. 31.
The agreement lets university faculty, staff and students use their ISU Redbird Card as a bus pass.
For the finalization of rates, The Board decided that tuition and room and board rates will be the same as the previous academic year.
However, there will be a change in mandatory student fees that will cause a moderate rise in the overall cost of attendance.
This overall cost increase totals out to $487 which will include an increase of $22 per academic year for optional student health insurance that was approved by the Board in February 2020.
Before financial aid is applied, this brings the total cost of attendance and health insurance for a full-time undergraduate student to $25,169.
The mandatory student fees for the upcoming academic year will include a 16.8% increase from the previous academic year, balancing out to a total of $107.78 per credit hour. Academic learning spaces for on-campus and virtual spaces will be directly impacted by this increase.
Residence hall rates and dining rates will remain the same from the previous academic year and will depend on the type of room and meal plan purchased.
New in-state undergraduate students are set to pay the same rate as the 2019-2020 year, which is $384.13 per credit hour in tuition. New students coming this fall will remain paying this rate through summer 2024.
New out-of-state undergraduate students will pay the same rate as the 2019-2020 year as well. This will result in $768.26 per credit hour and will pay this rate through summer of 2024.
In-state graduate students will pay $403.59 per credit hour for tuition, and out-of-state graduate students are set to pay $838.30 per credit hour for tuition.