The PSU Board of Trustees last week approved a tuition and fee increase for next year. While it troubles me as much as anyone that the cost of higher education continues to rise, it’s helpful to put this latest increase in perspective.
The increase, 3.77 percent for resident undergraduates, is necessary to balance PSU’s budget in the face of rising costs, including additional staff and operating costs, salaries and benefits – traditional cost drivers at any university. Without an increase, we would be looking at budget cuts of nearly $6 million. Cuts of that size obviously would be painful and hurt our goal of increasing student success.
PSU has worked hard to keep tuition hikes reasonable. Since 2011, resident undergraduate tuition has increased by an average of 2.2 percent annually. The cost of attending most other public universities in Oregon has been going up more. With our new tuition rates, only Eastern Oregon University is lower.
Nonetheless, the continued escalation is bound to have an impact on the ability of Oregonians to go to college and get a degree. That is why our new strategic plan calls on us to find innovative and strategic new ways to contain costs and raise revenue.
Measures include the streamlining of processes developed as part of reTHINK PSU; the comprehensive fundraising campaign; and our continued advocacy with the Legislature and Higher Education Coordinating Committee.
We will keep you informed on all these efforts and welcome other suggestions.