Here are details from a News Services story posted on Friday:
For the full version of the story, visit: http://www.ferris.edu/htmls/news/news/News.cfm?AnnouncementID=1285&CatID=1
The Ferris State University Board of Trustees today (Dec. 17), in a special session, approved a housing and dining rate increase of 1.9 percent beginning in the Fall 2011 semester.
“The trustees approved the increase earlier in the year to allow students and their families the ability to compare rates to other options as they make their decisions prior to University room sign-up in February,” said Jerry Scoby, vice president for Administration and Finance. “The University’s plan is to hold the line and not increase meal plan costs where on-campus residents are not required to purchase a meal plan.”
Beyond typical expenses, price sensitivity of students and families is a major factor the University considers as it sets rates. The rate adjustments historically have reflected this issue; however increased sensitivity in this economy has caused this to be a more significant component.