Stillwater News Press

OSU Update

June 16, 2011

Oklahoma State University will talk money at Board of Regents meeting in Tulsa Friday

STILLWATER, Okla. — Oklahoma State University officials plan to present a proposed budget, including tuition rates for the 2011-2012 academic year, at the OSU/A&M Board of Regents meeting Friday.

The board will hold its meeting at 10 a.m. Friday in the executive board room at Oklahoma State University-Tulsa’s Administration Hall, 700 N. Greenwood Ave. in Tulsa.

Included in the proposed budget will be tuition rates for the upcoming academic year, said OSU spokesman Gary Shutt. Shutt didn’t say whether OSU officials planned to ask for a tuition increase.

OSU officials have said they’re considering a tuition increase as part of a solution to replace lost revenue from cuts in state appropriations.

Last May, Oklahoma Gov. Mary Fallin announced a budget deal for the 2011 fiscal year that included a 5 percent cut for higher education statewide. The cut hinged on $21 million in supplimental funding from excess collections on the gross production tax on oil.

At an OSU Faculty Council meeting Tuesday, Joe Weaver, the university’s vice president for administration and finance, told faculty members a tuition increase was still an option. The cut in state appropriations amounts to a $12 million hit for OSU, he said. Although a tuition increase would be helpful in offsetting the loss, Weaver said, it would need to be used alongside other cost-saving measures.

One factor that could dampen the need to raise tuition as much, Weaver said, is an increase in enrollment. OSU saw its largest freshman class since 1981 during the last academic year. Based on the number of applications coming in, OSU officials have said they expect this fall’s freshman class to be even larger than the last.

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