Trustees are considering a slightly smaller increase on the 11 Commonwealth Campuses with residential housing. All rates face final approval by the full board on Friday.
Charles Thompson | [email protected]
The proposed increases, recommended by the trustees budget and finance committee Thursday, would push the annual room and board costs for those main campus students to $13,030 for the 2023-24 school year. That’s a year-to-year jump of just under 3.6 percent. Vice President for Business and Finance Sara Thorndike listed increased food and utility costs as major drivers behind the rate increases, and she also said the university is incurring some higher debt costs related to its ongoing dorm renovations at University Park.
Thorndike said current occupancy projections show University Park student housing at 100 percent for the Fall ‘23 semester, though occupancy rates at the 11 commonwealth campuses with housing are projected at 80.2 percent.
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