We are producing more four-year and graduate degrees than any other institution in Indiana. With our strong enrollment numbers (IU began the current academic year with more than 114,000 students), we will continue to be—by far—the largest producer of Hoosier graduates annually in Indiana for the foreseeable future.
Under the state’s performance funding formula, when considering all four-year institutions, IU produced nearly 50 percent of the bachelor degrees under the degree production metric, almost 64 percent of the degrees under the at-risk student degree metric and nearly 80 percent of the bachelor degrees under the high-impact degree metric.
Still, we recognize that more work needs to be done. State leaders—from our new governor to the legislature to the Indiana Commission for Higher Education—have made it clear that we must all continue to work together toward ensuring an affordable and clear path to college completion; producing more Hoosier graduates; helping to build a workforce that meets Indiana’s development economic needs; strengthening our state’s culture of innovation and entrepreneurship; and encouraging lifelong learning.
Furthermore, while there is reason for cautious optimism in this legislative session, we still have a responsibility to prepare our budget for the next two years in a manner that assumes conservative funding growth—both in terms of state funding and from tuition.
In recent years, we have become more efficient in our operations, and that work is ongoing. At the same time, we intend to present a tuition recommendation to IU trustees this spring that recognizes the financial challenges facing many of our students and their families today.
Providing pathways to student success
We have taken a proactive and strategic approach to ensuring that our students graduate on time, with as little debt as possible.
In my last President’s Update, I shared the methods we have used to keep IU’s tuition levels at historically low levels—including freezing tuition for the last two years for students at IU Bloomington—while at the same time pioneering path-breaking student financial literacy programs that are now national models and have resulted in savings to students of nearly $100 million over the last four years. This recent article, which prominently features IU’s MoneySmarts program, ran in GoodCall, a popular online educational news site that helps students and their families make smart financial decisions for college and careers.
As encouraged by the Indiana Commission for Higher Education, IU began implementing banded, or flat-rate, tuition in the fall at all of its campuses. All undergraduate students now pay one rate for basic tuition when taking 12 to 18 credit hours.