EMU Regents approve 5-percent increase in room, board rates for residence halls for 2007-08
YPSILANTI - The Eastern Michigan University Board of Regents approved a 5-percent increase in room and board rates for residence halls, with the exception of Wise Hall, at its regular meeting June 19.
The average cost increase for the academic year will amount to $332 and is effective fall 2007.
The standard 18-meal, double occupancy room will increase from $6,610 to $6,942. Single occupancy room and board rates will be $8,446.
Apartment rates will remain at the 2006-07 rate and Wise Hall’s rates will be decreased by 2.60 percent. This will balance the need for revenue to sustain the housing program this year with the need to offer competitive and affordable housing options given the current economic climate in the geographic area.
The 2.60-percent decrease in the Wise Hall rate will offer a rate that is $504 lower than other EMU residence halls, at $6,438 for a double occupancy. This will be the least expensive residence hall in EMU’s marketable area and is designed to increase Wise’s occupancy rate while providing a lower cost option.
The rate increase will help housing and dining services meet its budgeted occupancy goals, meet debt payment obligations, fund basic facilities needs, maintain current levels of service and maintain a reserve fund balance of at least $1 million.
The average room and board rate increase among state institutions that have already recommended or approved their numbers is 5.02 percent, with increases ranging from 1.8 percent to 10.45 percent. Michigan State University has the highest approved increase at 10.45 percent, while Wayne State University raised its rate by 1.83 percent.
Of the 13 universities reporting, EMU’s annual total cost for housing and dining ($6,942) for 2007-08 ranks ninth and is below the state average of $7,118.
EMU currently has 13 residence halls and three apartment complexes. Nearly 3,000 students are expected in university residence halls and apartments for the 2007-08 academic year, including an estimated 1,700 first-time students.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.
Editor's Note: Looking for an expert source for a story? Check out EMU's Eastern Experts online at www.emich.edu/univcomm/easternexperts.