OSU/A&M Regents approve new rates for residential life
Friday, March 2, 2007
The Board of Regents for Oklahoma A&M Colleges approved new room rates for 2007-08 at Oklahoma State University.
The 4% increase is based on 9-month rates and includes all single-student housing. Rates for university apartments (family housing) will remain the same.
OSU offers a wide range of housing options, and the monthly cost increases depending on the type of housing. For example, a shared traditional hall room will increase by at least $13 a month, while a private 1 bed/1/bath located in one of the deluxe suite's facilities will increase by $26 a month.
The monthly cost to students includes room, utilities, cable TV, internet access and local phone service for most housing facilities.
An increase in the following expenses drives the rise in residential rates:
- 17% increase in student wages/minimum wage increase
- 8.4% increase in debt service (nearly $1 million)
- 5.4% increase in all full-time labor (to pay an anticipated salary program and a benefits increase of 8%; also includes physical plant employees)
- 5.1% increase in university overhead charges