Conversation with Purdue's president for May

May 21, 2013
Purdue University

Purdue President Mitch Daniels talks about the FY14 proposed general fund budget, which includes a freeze on tuition.

He credits the increase in funding from the General Assembly on Purdue doing well on the performance-based metrics the state uses to partly fund higher education. The state also is giving Purdue $50 million to build the Active Learning Center, which is designed to make classes more collaborative, instead of strictly lectures.

Daniels also talks about the academic profile of the incoming class for fall of 2013.

Public hearing on Purdue budget, tuition and fees

May 21, 2013

The Executive Committee of the Purdue Board of Trustees is accepting public comment on the proposed general fund budget. The hearing Wednesday includes comments on the proposed tuition freeze and student fees.

President Mitch Daniels says by holding tuition steady and decreasing the cost of a meal plan, some Boilermakers will pay less.

"I'm very excited about this. I don't know how many universities in the country will be able to say that students are attending in fall of '13 for less money than they attended in the spring '13, but we're one."

Purdue administrators have identified enough money to manage a tuition freeze for the coming year.

They needed to find about $16.5 million in cuts and/or new revenues. President Mitch Daniels says they exceeded that by about $2.4 million and more might be coming. The university still needs to find nearly $10 million to afford the tuition freeze for 2014-2015 academic year.

Purdue administrators are making wiser investments in an effort to afford a tuition freeze. The university announced $5 million will be earned by improved cash management policies.

Executive Vice President and Treasurer Al Diaz says a majority of that will come from the way cash balances are handled.

“We put much of the cash into interest-bearing accounts that yield 1-2% interest, but there’s an amount that we’re sure is going to stay as a cash balance for some period of time that we can put into the endowment and get much higher rates of return.”

Indiana House lawmakers passed legislation aimed at helping combat veterans prepare for the costs of college.

The bill, which has already passed the Senate, originally gave in-state tuition at public colleges and universities to all military veterans, even those who weren’t Indiana residents.  The House added language instituting a tuition freeze for combat veterans. That means the cost of a veteran’s first year of college would be locked in for all four years.

Conversation with Purdue's president for March

Mar 25, 2013
Purdue University

It’s been a week since Purdue President Mitch Daniels announced plans to freeze pay for some administrative and professional employees. It would cover the next two years and affect those making more than $50,000 a year. Senior administrators and deans are included. Faculty and other employees with salaries under $50,000 would still be eligible for a raise.

Daniels says he’s receiving feedback on the idea and open to refining the proposal. However, he says the move is designed to save $5 million.

Purdue University

Purdue President Mitch Daniels is giving more details about a proposal to freeze tuition and most fees. His plan would affect students on the West Lafayette campus the next two years.

Daniels says an increase would have added about $40 million in revenue, which he says the university can manage to do without. He says the plan may even enhance to university’s core mission of teaching and research.

Daniels says no one should assume the worst over the budget impact of a proposed tuition freeze, but he expects every unit on campus will keep spending in-line to make it happen

Purdue set to freeze tuition

Mar 1, 2013

Purdue students on the West Lafayette campus likely won’t see an increase in tuition this fall or the year after. President Mitch Daniels announced his intentions to freeze tuition and most fees at the current levels for the next two years. The two that will go up are the student activity and student fitness and wellness fees, which were already approved.

That means an in-state student will pay just under $10,000 per year, non-residents about $28,800, and international students $30,800.

CHE proposes funding increase for state schools

Dec 17, 2012

The state Budget Committee is getting a recommendation to invest more money in Purdue and other Indiana colleges and universities.

The Commission for Higher Education wants the General Assembly to allocate an additional $255-million in the next budget for those schools.

Purdue acting President Tim Sands says that is important to keep tuition cost from rising and make up for previous cuts.