Regents Approve Room and Board Rates, Residence Life Budget for 2010-2011

CAPE GIRARDEAU, Mo.,

March 25, 2010 – The Southeast Missouri State University Board of Regents today approved new room and board rates and a $19.67 million Residence Life budget for fiscal 2011.

Under the approved plan, room rates will increase an average of 2.9 percent in Southeast residence halls for next academic year. This is down from a 4.77 percent rate increase last year. Dr. Dennis Holt, vice president for enrollment management and student success, said board rates will increase an average of 3.03 percent in fiscal 2011, bringing the average combined room and board rate increase to 2.93 percent for the 2010-2011 academic year.

New Residence Hall Room Rates

Based on the new rates, annual residence hall fees will be $3,650 for Dearmont; $3,900 for Towers South and East; $4,100 for Cheney; $4,700 for Group Housing; $5,200 for Myers; $5,350 per person for triple and double rooms in Towers North and West; and $5,650 for Vandiver, Henderson and New halls. Increases of 7.32 percent and 10.92 percent in Towers North and West triples and Myers respectively bring rates for comparable rooms into alignment with other residence halls, according to Holt.

Board Rates

Holt says there will be an average increase of 3.03 percent in board rates for fiscal 2011. The increase is consistent, he says, with the University/Chartwells dining contract and is determined by inflation factors for 2009-2010.

Under the standard board rate schedule, the most popular plan – 15 meals per week plus $140 in flex dollars – will cost students $2,260 annually. The 19-meal plan with $116 in flex dollars is $2,470 annually.  The 10-meal plan plus $160 in flex dollars is $2,050. The five-meal plan plus $270 in flex dollars is $1,750 annually.

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 room and board rate increases, a student living in Towers South/East with a 15-meal plan will pay $6,160, up from $6,015 last year.

Non-Traditional Housing Rates

In other action, the Board approved a three percent increase for non-traditional housing at 401 and 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 2010-2011 academic year will range from $373.55 for a one-bedroom efficiency at 505 Washington Street to $505.40 for a two-bedroom apartment with a balcony at 401 Washington Street.

Residence Life Capital Improvement Plan

The $19.67 million Residence Life budget approved by the Regents is up from a $19.25 million budget under which Residence Life is operating in fiscal 2010.  Holt says Residence Life continues to proceed with a capital improvement plan previously approved by the Board of Regents. Some projects, he said, have been moved up in the schedule for earlier completion and others have been moved back. Upgrades to fire alarm and building security systems, for instance, he said, have been moved up to comply with code and protect lives.