BLOOMINGTON, Ind. (AP) -- Indiana University's trustees have approved rate increases that will boost the cost of the Bloomington campus' most popular room-and-board package by 3.5 percent.
The new rate structure approved Friday will raise rates for other apartments and residence halls as little as a half-percent to as much as 5 percent, depending on the housing accommodations.
The Herald-Times reports (http://bit.ly/VE4GNk ) Interim Chief Financial Officer and Treasurer MaryFrances McCourt says the increases are needed to cover inflation, student life programming and other needs.
Under the increases, IU's most prevalent room-and-board package will rise to $9,161 for the 2013-14 academic.
Nearly two-thirds of IU students living on campus chose that option, which includes an air-conditioned, double-occupancy room in a mid-amenity residence hall and a standard meal plan.