Oklahoma State University Regents Approve Increase In 2007-2008 Residential Living Rates
(Stillwater, OK) - The Board of Regents for Oklahoma A&M Colleges approved new room rates for 2007-2008 at Oklahoma State University. The 4 percent increase is based on 9-month rates and includes all single-student housing. Rates for university apartments (family housing) will remain the same.
OSU offers a wide range of housing options and the increase in monthly costs varies with the type of housing. A shared traditional hall room, for example, will increase at least $13 a month while a private 1bed/1/bath located in one of the deluxe suites facilities will increase $26 a month.
The monthly cost to students includes room, utilities, cable TV, internet access and local phone service for most housing facilities.
The rise in residential rates is driven by an increase in the following expenses:
• 17% increase in student wages/minimum wage increase
• 8.4% increase in debt service (nearly $1 million)
• 5.4% increase in all fulltime labor (to pay an anticipated salary program and a benefits increase of 8%; also includes physical plant employees)
• 5.1% increase in university overhead charges
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