SUBJECT: Proposed Residence Hall Contract Rates for FY2000-2001
DESCRIPTION: At the March 1999 meeting of the Board of Regents, room and board rates were increased approximately 1.8%.
It is proposed that the family housing rates remain the same for FY01.
The University currently offers three different meal rates. It is proposed that only the minimum rate be offered for next year. The three rates have been offered in the past to enable the Athletic Department to use the middle rate in calculating scholarships. The NCAA governing rule has now been changed so that a three level offering is no longer necessary. In the past, ninety percent of the students used the minimum rate. Students who want to spend more than the minimum can, at any point during the year, add money to their debit account if they so choose.
1999 - 2000
Increase Double Room
1.5% Board -- Alternate 1
3.9% Alternate 2
Total Alternate 1
Attached is a comparison of the current and proposed rates with the rates charged at the State Regents' institutions. As illustrated, Washburn University has the lowest rate of the seven schools and our proposed percentage rate increase is the lowest of the schools.
FINANCIAL IMPLICATIONS: Annual room and board costs to students would increase $25 for room and $65 for board.
President Farley recommends that the Board of Regents approve the FY01 rates as proposed above.
(date) Jerry B. Farley, President