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New Mexico State University

New Mexico State University

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NMSU Board of Regents OKs increases in tuition, housing, meals, parking

PLEASE NOTE: EFFECTIVE DATE FOR TUITION INCREASE HAS BEEN CHANGED FROM EARLIER RELEASE


The Board of Regents of New Mexico State University approved increases in rates for tuition and fees, housing and meals and parking at its regular meeting Monday, March 10.

The increases are needed to provide additional funds in support of the university's mission and strategic priorities, along with addressing increases in operating costs, said Jennifer Taylor, senior vice president for business, finance and human resources. The new rates will take effect in May 2008.

Tuition and fees at the Las Cruces campus for resident full-time students will go up $153 per semester, an increase of 6.9 percent, from $2,226 to $2,379. For those in the 135-mile Texas radius, the increase is $162 per semester, from $2,345.40 to $2,507.40.

Non-resident students will see a $280.20 increase in those costs, from $7,090.20 to $7,370.40, a 4 percent increase.

Full-time graduate residents will see tuition and fees rise from $2,390.40 to $2,554.20, or an increase of $163.80. Non-resident graduate students will see an increase of $287.40, from $7,279.20 to $7,566.60. Graduate students in the 135-mile Texas radius will see an increase of $174.60, an increase from $2,523.60 to $2,698.20.

Housing and meal plan rates also will see slight increases, with housing moving up 3 percent and meal plans going up 4.5 percent. Even with the increases, NMSU's housing and meal plans are very competitive with regional and peer institutions, said Angela Throneberry, assistant vice president for Auxiliary Services. The increases will be used to offset higher costs for compensation, institutional support, utilities and other operating expenses.

Most categories of campus parking will see slight increases. Permits will go up 33 cents per month for students and 63 cents per month for most employees. The last increase in parking rates was for the 2005-2006 academic year. The increases are needed to offset higher operating costs over the last three years and for deferred parking lot maintenance. In one category, motorcycle parking, the cost of a parking permit was actually cut in half, from $40 a year to just $20 a year. That decision was made, in part, to encourage increased use of fuel-efficient motorcycles and scooters in the university's ongoing commitment to reduce greenhouse gas emissions.