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Regents approve housing ratesStudents who live next academic year in residence halls will pay an average of 4.9 percent more for room and board, following approval of rates for 2007-08 by the Board of Regents. The basic rate per student for a double room with a standard 13 meals per week board plan will be $8,190, an increase of $382 from 2006-07. Northwood Community Apartments monthly rental rates for graduate students and students with families will increase by an average of 2 percent; the cost of an unfurnished unit will range from $724 for an economy 1-bedroom to $1,158 for an air-conditioned three-bedroom town house. The rates reflect months of financial planning by housing and business staff members. For the coming year, 2 percent of the increase will be allocated to fund Residential Life Initiative (RLI) projects, and an additional 0.8 percent supplements the expenditures devoted to annual capital projects. The remaining 2.1 percent of the increase is accounted for by inflationary and cost-of-living increases, primarily in utilities and salaries and wages. "In determining our rates for the coming year, we benefited from a stabilizing of the cost of utilities," says Carole Henry, assistant vice president for student affairs and director of University Housing. "We continue to be primarily focused on investing in facility improvements that positively affect the quality of our students' residential and dining experience." The RLI, designed to renew, revitalize and modernize campus residential facilities, entered a new phase in May 2006 when Mosher-Jordan Hall closed for two years, as the first U-M residence hall to undergo a comprehensive renewal and renovation. Construction also has begun on the adjacent new Hill Dining Center. Both facilities are slated to open in late August 2008. The Bursley emporium, the most extensive new dining construction in several decades, opened in September 2006. New fire alarms and sprinkler systems have been installed in 16 and 5 halls respectively as part of a $50 million life and fire safety upgrade that will be completed in all halls by 2011. University Housing developed its 2007-08 rate increases in collaboration with key University business offices, the Residence Halls Association, and the Northwood Community Apartments Rate Review Committee. More Stories
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