Ball State Approves Tuition Increase - Stacey Page Online

Concerns about the university’s long term financial picture remain, however. “We have a brief reprieve but cannot lose sight of the financial challenges ahead,” warned Randy Howard, vice president for business affairs and treasurer. “While we have long been a highly efficient university, there is a downside to that point of great pride. It is very difficult to find additional savings in lean institutions like Ball State, which has administrative costs and staffing below national and peer averages. Some of our costs are beyond our control. Our budget anticipates a 13 percent increase in the cost of natural gas; costs for one of our state-managed retirement plans are anticipated to increase 14 percent, and health care costs continue to outpace inflation. While the increase in state funding is a step in the right direction and greatly appreciated, we still face challenges that must be overcome.” http://www.staceypageonline.com/2013/06/07/ball-state-approves-tuition-increase/