CaseStudy: Ohio State University Fees
The cost of education has been rising steadily over the years asinstitutions have been finding ways to deal with their budgetstrains. For example, the college of arts and sciences in Ohio StateUniversity was forced to dig into its cash reserves in the previousschool year which has plunged it into $10 million deficit in thecurrent year. Such a situation compounded by lack of state financialsupport forces school leaders to create policies which will reducetheir budget deficits and at the same time provide quality education.Some of these policies involve cutting on costs and increasing incomethrough fees charged to students. Aside from tuition fees, there areother charges that students are expected to pay to ensure smoothrunning of the institution and their welfare. They include Room andBoard fees, housing, meals and medical insurance plans.
However, all is not lost as policies and legislations are beingcreated to make education affordable and to reduce financial strainon students. This push is detrimental to universities as they arerequired to abide with set policies. This means that they shouldreview their priorities and reduce expenditure to ensure they arewithin budgetary limits. However, they are still involved in thepolicy making process by submitting proposals of fees to be chargedin relation to their budgets. These proposals are subject to approvalby the university’s Board of Trustees before they can beimplemented.
This case study aims to delve deeper into the content of thesearticles in an attempt to get a better understanding of the policiesapproved in regard to fees payable by students in Ohio StateUniversities. It will also analyse steps being taken to make highereducation affordable to students, parents and/or other financiers.
Facts and Figures
Figures from the year 2014 identified that the board of trustees madea decision to hold constant fees for Ohio-resident students who paid$10,037 per year inclusive of mandatory fees. On the other hand,out-of-state undergraduate students were required to pay $26,537while graduate students will pay $30,969 which is higher by 5%compared to the previous year. In addition, fees charged for dormrooms are meals will stand at $11,500 per year which is around 4.2%higher than previously[ CITATION Bin14 l 2057 ].
In 2015, another review was made which froze tuition and mandatoryfees at $10,037 for the third year running. Of this group, on-campusstudents continue to pay $11,666 per year where the additional costcovers room and food costs. However, fees for out-of-stateundergraduate students rose again by 3.1% to $27,362 per year.International students will be required to pay $28,362 per year whichis a 3% increase from previous figures[ CITATION Bus15 l 2057 ].
These statistics none the less show that Ohio state provides one ofthe least-expensive education among the ‘Big Ten’. This is amidpressure from state leaders and other stakeholders to contain thecost of education at affordable levels. This move has taken apositive effect as fees have been stabilising over the years withvery minimal influxes being witnessed. The disparity between feescharged to an in-state and an out-of-state student has beenattributed to the fact that Ohio state taxpayers pay in excess of$333 million to help stabilize the university.
However much policies and legislation are passed to contain the levelof fees payable in institutions of higher learning, quality ofeducation should not be compromised. This case study has reviewedsteps taken to make education affordable through fees payable. On theother hand, it is important to ensure schools are capacitated toprovide quality and affordable education.
Binkley, C. (2014). Ohio State trustees freeze in-state tuition, raise other fees . The Columbus Dispatch.
Bush, B. (2015). Ohio State to freeze tuition . THE BLADE.