Regents Approve Housing Rates, Residence Life Budget for 2005-2006

CAPE GIRARDEAU, Mo.,

Feb. 16, 2005 – The Southeast Missouri State University Board of Regents today approved new room and board rates effective with the fall 2005 semester and approved a $14.3 million Residence Life budget for fiscal 2006.

Under the approved plan, rates will increase 3.5 percent in Southeast residence halls for next academic year.  Dr. Dennis Holt, vice president for administration and enrollment management, said previous planning to accomplish capital maintenance and repairs had assumed an average 3 percent increase a year in room rates. He said that since the Board increased rates by just 1 percent last year, this year’s 3.5 percent increase will allow Residence Life to stay on track with its strategic capital renewal plan.

The average 3.5 percent increase includes increases in private room rates calculated at 140 percent of the cost of a double room by residence hall, Holt said.

The Regents also approved a revised capital maintenance and repair improvements plan for Southeast’s residence halls based on a plan approved by the Board in 2002. The order in which some projects will be completed has been revised as priorities have been reconsidered, he said. New items on the plan represent needs that have emerged and been identified by Facilities Management and Residence Life staff.

Based on the new rates, annual residence hall fees will be $2,876 for Dearmont (which is not air conditioned); $3,229 for Cheney; $3,270 for Towers South and East; $3,301 for Dearmont Plus; $3,398 for Myers; $3,846 for Group Housing; $4,132 for triple rooms in Towers North and West; $4,284 for double rooms in Towers North and West; and $4,734 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 $1,937 annually. The 19-meal plan with $116 flex dollars is $2,051. The 10-meal plan plus $160 in flex dollars is $1,847. The five-meal plan plus $270 in flex dollars is $1,509.

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 $5,207, up from $5,107 last year.

 In other action, the Board approved a 4 percent rate increase for non-traditional housing at 401 Washington Street and a 2 percent increase for housing at 505 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 2005-2006 academic year will range from $307.06 for a one-bedroom efficiency at 505 Washington Street to $415.44 for a two-bedroom apartment with a balcony at 401 Washington.