Regents Approve Housing Rates Residence Life Budget for 2004-2005

CAPE GIRARDEAU, Mo.,

Feb. 26, 2004 – The Southeast Missouri State University Board of Regents today approved new room and board rates effective with the fall 2004 semester and approved a $14.05 million Residence Life budget for fiscal 2005.

Under the approved plan, rates will increase 1 percent in Southeast residence halls for next academic year. No increase is planned in the surcharge for private rooms.

“We previously had planned to increase room rates an average of 3 percent a year in order to accomplish capital maintenance and repairs,” said Dr. Dennis Holt, vice president for administration and enrollment management. “However, we want to maintain our historic commitment to providing a high quality college education at an affordable price. That’s why we would like to hold the increase to 1 percent, which will contribute to controlling the total cost of attending Southeast and maintaining the University’s competitive position.”

In conjunction with the effort to control costs, the Regents approved a revised Residence Life capital maintenance and repair improvements plan based on a plan approved by the Regents in 2002. All items previously approved by the Board appear on the plan, but some projects have been reordered based on priorities and more urgent needs. Based on the new rates, annual residence hall fees will be $2,819 for Dearmont (which is not air conditioned); $3,075 for Cheney; $3,205 for Towers South and East; $3,236 for Dearmont Plus and Myers; $3,770 for Group Housing; $3,935 for triple rooms in Towers North and West; $4,080 for double rooms in Towers North and West; and $4,508 for New Hall.

Under the new standard rate schedule, the most popular plan – 15 meals per week plus $140 in flex dollars – will cost students $1,871 annually. The 19-meal plan with $116 flex dollars is $1,982. The 10-meal plan plus $160 in flex dollars is $1,785. The five-meal plan plus $270 in flex dollars is $1,458.

The flex dollars reflected in the board rates are cash stored electronically on students’ ID cards as part of their meal plan. They can be used at any campus dining location to buy additional  meals, food items, snacks and beverages.

With the approved increases, the average combined room and board rates (based on rooms in Towers South/East and a 15-meal plan plus $140 flex) will cost $5,107, up from $5,025 last year.

In other action, the Board approved a 1 percent increase in rental rates for non-traditional student housing on Washington Street. The Washington Street Apartments consist of 19 units and vary in number of bedrooms, size of rooms and amenities. Monthly rates for the 2004-2005 academic year range from $310.30 for a one-bedroom efficiency at 505 Washington Street to $395.50 for a two-bedroom apartment with a balcony at 401 Washington.