ASU Budgets, Tuition Increases Approved

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NEWPORT, Ark. — The Arkansas State University System Board of Trustees today approved an operating budget for 2019-20 with a focus on keeping tuition affordable while addressing needs to recruit and keep students and faculty.

ASU System President Chuck Welch said the $284.8 million system budget is an increase of 1 percent compared with a year ago and includes new state productivity funding for most of the two-year institutions. Tuition and fee increases will range from 1.7 percent to 3.4 percent at the five campuses.

“You’ll recall we had no tuition increases last year,” Welch said. “I wish we could do this every year, but we have to remain competitive in multiple areas and address critical needs.  Operating costs continue to rise, and we receive very little state funding for capital projects. Our campuses continue to be as efficient and effective as possible while reallocating resources where they can. We are already seeing some very good financial results from changes resulting from our efficiency study last year.”     MORE

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