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Board of Trustees

Financial Affairs

Guidelines for Price Setting, Revenue Generation, Affordability and Use of Funds Decision-Making


The Board of Trustees of Illinois State University sets broad goals for the institution and adopts policies designed to guide the administration in achieving those goals. Implementation of the Board's Policies is delegated to the President who, in turn, charges the various administrative offices with developing specific procedures and practices. Setting the University's strategic direction through policies for student pricing is among the most important roles of the Illinois State University Board of Trustees. Adopted guidelines:

  • The graduate tuition rate should reflect more appropriately the higher cost of graduate instruction.
  • Differential tuition should be charged only under the following conditions: to comply with the "truth-in-tuition" statute, to differentiate state residency status, and to differentiate undergraduate from graduate instruction.
  • Illinois State University's tuition should be comparable and competitive with tuition charges at competitor Illinois public universities.
  • Illinois State University shoudl continue to devote a portiion of new tuition and fee revenue to assist Univeresity students who are eligible for maximum Monetary Award Program grants from the Illinois Student Assistance Commission, but whose grants fall short of the University's tuition and fee charges.
  • Illinois State University should review routinely and assess the amount, use and allocation process of tuition waivers.
  • The revenue derived from student charges should be allocated only by the University's annual budget process to address the highest current priorities.
  • Until the University is again able to address operational cost increases on a campus-wide basis, studet fee increases should be limited to that necessary to support salary increases for employees in fee-supported areas.
  • Room and board rates should increase to the upper quartile among Illinois residential public universities and an adequate proportion of those revenues allocated to the repair and renovation fund in order to support the current long-range housing and dining plan.
  • Illinois State University should incorporate the demand for renovated spaces as part of its room and board pricing process.

 

adopted: 5/13/2005 (Resolution No. 2005.05/06)

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