MUNCIE — An increase in state funding will help Ball State University keep its tuition hike next fall to the lowest in more than 40 years.
The university's board of trustees plans to approve a tuition hike of 1.25 percent for in-state undergraduates during a meeting on June 7.
Indiana lawmakers approved a 3.2 percent and 1.7 percent increase, respectively, for Ball State operating appropriations for fiscal years 2017-18 and 2018-19. State appropriations exceeding $130 million in both fiscal years represent about a third of the university's general fund budget. Tuition is the main source of revenue.
The university says its "prudent management" of state and tuition funds led to the smallest proposed tuition increase in decades.
Strong legislative support, a low tuition increase and robust enrollment reflect the health of the institution, according to Rick Hall, chairman of the board of trustees.
“Thanks to the collective efforts of the entire university community, Ball State approaches its 100th anniversary from a position of strength,” Hall said in a release from the university. “As we welcome the leadership of Geoff Mearns as our 17th president, we look forward to even greater success.”