The Board of Trustees approved increases in tuition, in addition to housing and dining fees Thursday. Credit: Lantern file photo
Ohio State’s Board of Trustees approved a resolution to extend tuition for the autumn 2022, housing and dining rates for incoming first-year and graduate students Thursday.
Tuition, which incorporates instructional and general fees, in addition to mandatory fees and housing and dining rates for incoming students will increase by 4.6 percent. Out-of-state incoming students’ could have a 5 percent surcharge increase of their tuition and mandatory fees on top of the 4.6 percent, in keeping with the Board of Trustees meeting agenda.
Tuition and charges will cost an estimated $12,485 per yr for in-state incoming first-year students and $35,019 per yr for out-of-state students, in keeping with the meeting agenda. In-state students pays $549 greater than in 2021, and out-of-state students pays $2,252 more. The non-resident surcharge is the difference between in-state and out-of-state tuition. Incoming out-of-state freshmen will likely be subject to each the schooling and charges and the surcharge increase.
The estimated cost of room and board is a further $13,966.
Tuition and charges for incoming graduate students will even increase by 4.6 percent, with a further 2.5 percent surcharge increase for incoming out-of-state graduate students, in keeping with the meeting agenda.
The change is not going to affect current university students, in accordance with the Ohio State tuition guarantee, which locks tuition for Ohio residents throughout their 4 years on the university.
Student medical insurance will increase by 4.9 percent, reaching $3,530 annually, in keeping with the meeting agenda.
Michael Papadakis, Ohio State’s senior vp of business and finance and chief financial officer, said in the course of the meeting the university faced financial strains due to a decrease in state funding, stagnant tuition prices from the schooling guarantee program and the impact of inflation. These aspects led to the rise in tuition, he said.
“There’s significant inflationary impacts we’re seeing each from a labor standpoint — that’s full-time employees and student employees as well — after which all the commodity cost pressures that we’re all seeing, whether it’s energy costs, food costs, etc.,” Papadakis said.
These increases come a yr after the Board of Trustees approved a 3.8 percent increase in tuition and instructional fees, in addition to a 2.5 percent increase in dining and housing rates for incoming first-year students in the autumn 2021.
The rise in tuition and mandatory fees also applies to regional campuses, in keeping with the meeting agenda.
At Lima, Mansfield, Marion and Newark campuses, the estimated annual cost of tuition and charges for in-state incoming freshmen will likely be $3,944 or $24,237 for out-of-state students. In-state students on the Agricultural Technical Institute in Wooster pays $8,900 while out-of-state pays $33,137, in keeping with the meeting agenda.
Gov. Mike DeWine said in an announcement Thursday that he’s unhappy with the schooling increase because inflation is negatively impacting in-state families financially.
“I’m upset that Ohio State is raising tuition on incoming first-year students,” DeWine said. “This isn’t a smart decision.”
International undergraduate students is not going to see a surcharge increase, in keeping with the meeting agenda.
Despite the rise, University Ben Johnson said in an email Ohio State will remain the second most inexpensive selective admission public university in Ohio for in-state undergraduate students and the seventh for in-state tuition and charges among the many Big Ten schools.
Johnson said the university will even proceed the Scarlet and Gray Advantage program — an initiative began by University President Kristina M. Johnson dedicated to enable Ohio State students to graduate debt-free over the following 10 years.
