TROY—Troy University’s Board of Trustees approved Friday a revised tuition and fee schedule that increases undergraduate tuition by $16 per semester hour, but University officials stressed that TROY’s revised tuition rate remains below the national average for U.S. public universities.
The trustees’ action increases undergraduate tuition at TROY from $177 to $193 per credit hour. The resolution increases graduate tuition from $200 to $220 per credit hour. The general student fee was increased from $6 to $8 per credit hour. In addition, the trustees removed the 12-hour cap on the $9 activity fee, so students taking more than 12 semester hours will be charged an additional $9 per credit hour. The activity fee applies only to students on the Troy Campus
The new tuition and fee schedule will go into effect for the fall 2009 semester.
Jim Bookout, Senior Vice Chancellor for Finance and Business Affairs, said a tuition increase was inevitable during this period of economic downturn and reduced funding from the state. Last year, the State Legislature reduced TROY’s appropriation by $12 million from the 2008 level and further reductions are expected when final budgets are passed at the end of the legislative session this month. Last December, Gov. Riley declared that state budgets would be prorated by 12.5 percent, which led to a round of cost-saving measures at Troy University.
“We have always been good stewards of our resources, but we must take additional positive steps to keep the cost of education at affordable levels during these difficult economic times,” Bookout said. “For example, we have implemented a hiring freeze and 10 percent cuts of non-salary operating budgets in an effort to contain spending and keep any tuition increase as minimal as we can.”
Bookout pointed out that next year’s tuition and fee rate at TROY will remain well below the current national average for public colleges and universities. In addition, he said that TROY’s tuition and related fees will probably fall “somewhere in the middle” when compared to Alabama’s 12 other public universities.
“Troy University is still an outstanding education value,” Bookout said. “And we will continue to seek ways to realize additional savings and use our budgets wisely.”