Jonesboro, AR (BN/ EDITED RELEASE)- As Arkansas State University’s Board of Trustees approved a new budget that includes increases in tution for students.
As ASU discussed financial plans for 2024-2025, interim system president Robin Myers said the overall system budget – excluding Henderson – is 4.6% higher than last year’s budget.
The increase comes as higher expenses because of inflation and ongoing efforts to be competitive with salaries to retain and recruit employees face the universities.
During questions from trustees, Myers said ASU System campuses remain very competitive with tuition and fees statewide. They continue to focus on supporting existing employees rather than adding staff, he added.
Trustees expressed appreciation to campus leaders for being good stewards of financial resources and deploying them toward student success.
The 2025 budget increased Arkansas State in Jonesboro’s budget to $221.2 million, an increase of 4.9% compared with last year, with a 4.3% increase in annualized tuition and fees.
Tuition and fee rates will rise 3.7% at ASU-Beebe, 4.5% at ASU-Mountain Home, 5.4% at ASU Mid-South, 6.2% at ASU-Newport and 6.1% at ASU Three Rivers.