YSU approves budget; tuition $2,220 below state average

The Youngstown State University Board of Trustees on Wednesday approved a $156.3 million general fund budget for fiscal year 2013.

“In these difficult economic times with continued reductions in state funding, we have carefully developed a spending plan that allows us to live within our means and to continue to invest in high-quality academic programs, faculty and facilities,” YSU President Cynthia E. Anderson said.

The FY 2013 budget is 1.5 percent or $2.4 million less than the FY 2012 budget.

YSU’s state allocations will drop by $1.1 million in FY 2013. That’s on top of a $7 million reduction in FY 2012. Ten years ago, state funding made up 50 percent of YSU’s general fund budget. Now, the state funds only 25 percent.

The FY 2013 budget includes a pay freeze for all employee groups, increased employee contributions for health insurance and the continuation of $3 million in reductions in operating expenses. In addition, through an early retirement incentive plan for staff and a separation incentive for faculty, the positions of more than 100 retirees have been left vacant, saving $5 million.

The budget also includes a $130-per-semester tuition increase for next academic year.

The Board set tuition at $3,856 a semester for full-time undergraduate students living in Ohio, or $7,712 a year. Even with the increase, YSU’s tuition will remain the lowest among Ohio’s 11 public, comprehensive universities – and is projected to be $2,220 below the average for public, comprehensive universities across the state. (See tuition chart at end of release and at http://cfweb.cc.ysu.edu/ta/download.cfm?id=1863.)

“We are committed to ensuring that YSU is the best value among public universities in Ohio,” Anderson said.

Other undergraduate tuition costs approved by the Board of Trustees include:

  • For full-time students living in the eight-county region that represents the Western Pennsylvania Advantage area, tuition will increase by $131 to $3,961 a semester.
  • For full-time students living in the 15-county regional service area in Pennsylvania, New York and West Virginia, tuition will go up $130 to $5,269 a semester.
  • For full-time, out-of-state students living outside the regional service area, tuition will increase $130 to $6,834 a semester.

In addition, tuition for full-time, in-state graduate students will increase $174 to $5,128 a semester, while full-time, out-of-state tuition for graduate students will go up $174 to $5,234 a semester.

Ohio Comprehensive Public Universities*
Annual Undergraduate Tuition, FY 2013 Projections**

                                                                  Tuition, low to high         Compared to YSU

Youngstown State University

$7,712

$0

Wright State University

$8,352

$640

Cleveland State University

$9,238

$1,526

University of Toledo

$9,317

 

$1,605

Kent State University

$9,673

$1,961

University of Akron

$9,879

$2,167

Statewide Average

$9,932

$2,220

Ohio State University

$10,076

$2,364

Ohio University

$10,284

 

$2,572

Bowling Green State University

$10,395

$2,683

University of Cincinnati

$10,784

$3,072

Miami University

$13,539

$5,827

*Comprehensive universities include public institutions in Ohio that confer baccalaureate, masters and doctoral degrees.
**FY 2013 tuition projections are based on a recent survey of IUC campuses and are subject to revision and approval of each institution’s board of trustees.

About Youngstown State University
Youngstown State University is a comprehensive emerging urban research university that offers over 14,000 students more than 135 undergraduate and graduate programs backed by a strong tradition of teaching, scholarship and public service. As a major educational and economic development resource in the region, YSU is known for its focus on academic research and creative programs that transform its students into successful professionals, scholars and leaders. Located in the heart of the Tech Belt between Cleveland and Pittsburgh, YSU provides opportunities for students to actively participate with accomplished faculty, often in one-on-one settings, on advanced research and creative collaborations. The beautiful 145-acre campus includes high-tech classrooms, state-of-the-art labs and performance facilities, a variety of on-campus housing options and recreational facilities among the best in the nation.