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November 14, 2002
Regents approve tuition hike
Iowa State students will see a 17.6 tuition hike in 2003-04 under a policy
approved by the Board of Regents, State of Iowa, during its meeting in Ames
Nov. 13-14.
The new policy sets tuition at $4,342 for Iowa State undergrads, a $650
increase. Non-resident undergrads will pay $13,684, an increase of $1,300 or
10.5 percent.
The regents' policy also includes a tuition set-aside of 15 percent of gross
tuition revenues for financial aid.
In addition, mandatory fees for Iowa State students will increase 64 percent
under a plan to redirect "designated tuition" to mandatory fees. Students
will pay $686 in FY04 (they are paying $418 this fiscal year). These funds
cover the student service fee for CyRide and recreation, student health fee
and computer fees. In addition, a new $76 fee for future improvements to
Memorial Union has been added to the mandatory fee for next year.
The total increase (tuition and mandatory fees) for in-state students will
be $918 and for out-of-state students $1,568.
Iowa State officials indicated that in addition to the set-aside for
financial aid and the mandatory fees, the university would use the
additional revenue generated by the tuition increase to support faculty
recruitment and retention efforts, as well as new faculty positions and
initiatives.
Part of the tuition increase also will go toward new expenses associated
with biohazard security and new data required by U.S. government on students
and scholars who are not U.S. citizens.
Union transfer OK'd
The regents also approved a request from Iowa State to accept the transfer
of property from the Memorial Union corporation. (The regents have the
responsibility to acquire and control property on behalf of the state
universities.)
The Union, a
non-profit corporation since it opened in 1928, will become a more
formal part of Iowa State with the transfer.
Student leaders initiated the proposal to transfer the Union to the
university and received support from ISU President Gregory
Geoffroy and other university officials.
The transfer will allow for more extensive renovation of the facility
and subsequently, better services and programs for students, student
leaders said.
The separate corporate set-up of the Memorial Union is unusual among
university unions, said Warren Madden, vice president for business and
finance. However, it was necessary in the '20s when the Union was
built, because the university didn't have the authority to borrow the
needed funds.
Also approved
- The Institute for Food Safety and Security, which will be dedicated
to protecting the nation's and Iowa's investment in agriculture, and serve
as umbrella over seven units that engage food problems and food issues (such
as food-borne infectious disease, food service and international food
safety). Faculty affiliated with institute will come from the colleges of
Agriculture, Family and Consumer Sciences, Liberal Arts and Sciences, and
Veterinary Medicine. The institute will be funded ($245,000) as an "academic
initiative" by the President's Office.
- The Center for Survey Statistics and Methodology. The center formerly
was the survey section of the Statistical Laboratory. ISU recently received
approval to establish the Interdisciplinary Research Institute for Survey
Science. Renaming the Statistical Lab's survey section and elevating it to
center status will align all the units reporting to the new institute.
- Naming the Union Drive Suite Building I after former university
president Gordon Eaton. The building will be named Gordon P. Eaton Hall,
after Iowa State's 12th president.
- An honorary doctorate of science for Daniel Lane, who has made
pioneering contributions to the fields of biochemistry and nutrition. The
degree will be conferred during next fall's commencement. Lane received his
B.S. and M.S. from Iowa State.
- Capital improvement business transactions, including:
- Modified program statement, schematic design, and revised project
budget ($19,992,000) for Union Drive Suite Building 2. The building was
modified to 88,777 gross square feet (a 4,777 gross square feet increase)
and will house 331 students (an 11 student increase). The building will
include 17 two-level loft units and 12 traditional residence hall rooms.
- Project statement and schematic design for University Family Housing
Community Center to build a new facility to house various student services
(including a retail grocery store, meeting areas, office and computer areas,
student lounge and fitness center). Construction should begin in March 2003
and be substantially completed by September 2003. The old facility at 100
University Village will be remodeled to serve as the North Campus Child Care
Facility.
- Project description and budget for Institutional Roads 2003
Preventative Maintenance project ($548,500) for various paving improvements
to selected campus streets.
- Project description and budget ($435,990) and engineering agreement
with architects Rudi/Lee/Dreyer, Ames ($54,500) for the College of
Veterinary Medicine to convert vacant space in Room 2400 into four
conference rooms.
- Revised project budget for Town Engineering -- Upgrade Building
Ventilation System project ($541,260). The outside air intakes are located
at high and low penthouse room levels, resulting in transmission of exhaust
chemicals through the building's heating, ventilating and air conditioning
system. The completed project will meet university Environmental Health and
Safety guidelines for ventilation. The increase will be funded by private
gifts and income from Treasurer's Temporary Investments.
- Architectural agreement with OPN Architects, Cedar Raids ($178,500) for
an east parking deck project. A single-level parking deck will be built over
lot 50B, east of the Gerdin building (southeast corner of Knoll Road and
Union Drive). Approximately 200 new parking stalls will be created, while
the existing parking area on the ground level will remain. The total project
cost of $2.5 million to $3 million will be paid with parking system revenue
bonds.
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Ames, Iowa 50011, (515) 294-4111
Published by: University Relations,
online@iastate.edu
Copyright © 1995-2001, Iowa State University. All rights reserved.
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