Officials say some of VU’s dorms need renovations….
The Vincennes University Board of Trustees has approved a $600 annual increase in room and board rates for the 2016-17 academic year. VU officials say utility costs and on-going major maintenance projects were cited among the reasons for the increase.
VU will continue to be the lowest cost residential college in Indiana after the increase, according to Phil Rath, vice president for Financial Services and Governmental Affairs.
Based on the increased rate, Rath said housing is projected to have an annual operating reserve of $2.1 million. He noted that some of VU’s residence halls are 40 years old and that major investments in renovations will need to be made in the future, in addition to the regular repair and rehabilitation programs scheduled each summer.
The room and board increase was approved unanimously by the Board’s Finance Committee on June 3. The Committee had been given authority to set the increase at the Board’s May 26 meeting.