OSU regents approve tuition increase in budget
BY RANDY KREHBIEL World Staff Writer
Saturday, June 16, 2012
6/16/12 at 7:21 AM
Most Oklahoma State University students will pay about $200 more a year for tuition and mandatory fees next year under a budget approved Friday by the school's regents.
The increase amounts to 2.8 percent, OSU officials said.
"We're pretty pleased with that 2.8 percent," said Vice President for Administration and Finance Joe Weaver. "We were able to keep the increase down because we expect a significant rise in attendance this fall."
The increase applies to undergraduates at OSU's Stillwater and Tulsa campuses who are not part of the university's guaranteed tuition program. Students at other campuses or in graduate or professional programs will see increases of 3.1 to 6.5 percent.
Meeting at OSU-Tulsa, the Board of Regents for A&M Colleges also approved budgets and accompanying tuition and fee increases for Langston and Oklahoma Panhandle State universities. The increases ranged from 5 percent to 6.7 percent.
OSU's total fiscal year 2013 budget for its campuses in Stillwater, Tulsa, Oklahoma City and Okmulgee, as well as its statewide agricultural extension service, came in at just under $1.1 billion, a $20 million increase over the current fiscal year, which ends June 30.
About a fourth of OSU's operations are self-sustaining auxiliary enterprises, including student housing and athletics. A little more than 20 percent - $238.5 million - are state appropriations, and a similar share comes from tuition and fees.
The rest - almost one-third - comes from sponsored programs, federal appropriations, student financial aid, the OSU Foundation and other sources.
Of the additional $20 million in revenues - an increase of just less than 2 percent - projected for the upcoming year, about $3 million comes from the annualization of a supplemental appropriation during the current budget year.
OSU said in its budget executive summary that it plans to create 42 new faculty positions systemwide. Officials said freshman enrollment this year was the highest in more than 30 years and is expected to increase again this fall. They expect an all-time high 36,590 students to be enrolled on at least one OSU campus by September.
The picture was not quite so rosy for Tulsa's Greenwood Avenue campus. While it technically reported a 20 percent enrollment increase, the summary said that was entirely due to online enrollment, for which the campus receives only a fraction of the revenue.
The budgets must still be approved by the Oklahoma State Regents for Higher Education.
In other matters, the board approved the hiring of baseball coach Josh Holliday at $200,000 per year and men's tennis coach Jay Udwadia at $94,600.
It also gave final approval to the sale of undeveloped land at the corner of 23rd Street and Southwest Boulevard in Tulsa to QuikTrip Corp. and to the purchase of $1.25 million worth of computer equipment for OSU-Tulsa.
In-state undergraduate tuition and fees for two semesters (15 credit hours per semester).
Original Print Headline: Regents approve OSU cost increase
Randy Krehbiel 918-581-8365
Aerial of the OSU medical Center. TOM GILBERT/Tulsa World