At the Iowa Board of Regents meeting Wednesday, the Regents approved a legislative action proposal that would enable them to freeze tuition for undergraduate resident students attending Iowa State University for the second year in a row!
The proposal asks the Iowa General Assembly for an additional state investment of 4% in effort to enhance ISU students' educational experience and eliminate the need for an increase in their tuition. The new funds would be used to hire additional faculty members to maintain an effective student/faculty ratio, increase personalized learning opportunities, and improve technology to support online classes. If this funding is approved, it would mark the first time in more than a generation that there has been a back-to-back tuition freeze!
In addition to helping the university make an already excellent student experience even better, this new funding and the resulting tuition freeze would further strengthen Iowa State's efforts to reduce student debt. Our administrative costs are already among the lowest in the nation, at 5% of the total educational cost, and we are one of only a handful of universities recognized as a top affordable public school by the Wall Street Journal. Operational efficiencies have further allowed the university to keep tuition and fees among the lowest among its peer group and one of the lowest in the Midwest.
Did you know? In 2012, graduates enjoyed a 94% placement rate within six months of graduation while 67% of in-state students and 23% of nonresident students, remained in Iowa to begin their careers.
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