The Eastern Michigan University Board of Regents recently approved a 4 percent room and board increase in the residence halls (which includes The Village, pictured below) and a 2 percent decrease in its rate for campus apartments. The average cost increase for 2006-07 is $254. The rate increase meets the following objectives:

Budgeted residence hall occupancy of 3,315 for Sept. 30, 2006

Maintain 81 percent apartment occupancy

Meet debt obligations of $1.76 million

Meet basic facility needs of $3.6 million

Maintain an operating reserve fund balance of $1 million

 

Source: Board of Regents

 

 

---