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Board of Trustees approves 2006-07 budget

For immediate release
Feb. 23, 2006

The Board of Trustees at Abilene Christian University approved a $96 million university budget for 2006-07 during Saturday's bi-annual meeting, an increase from $88 million in 2005-06.

"Some of the largest funding increases are for student scholarships, faculty salaries and new distance education programs," said Kelly Young, associate chief financial officer.

The board also approved a 7 percent increase for the coming year, raising the per-hour cost from $487 to $521, Young said. The approved budget includes a 1.5 percent - 3.9 percent housing cost increase (depending on the residence hall chosen), a 4 percent increase in meal plans, and adjustments to the student activity fee and academic enrichment and technology fee.

"A significant part of the budget increase includes more money for student scholarships," said Robert Heil, director of enrollment management. "Last year, ACU awarded more than $53 million in total financial aid to students, and this total will increase for 2006-07. The average financial aid package for an entering freshman already exceeds $12,000, and more than 90 percent of our new students receive financial aid. "

ACU president, Dr. Royce Money, added, "ACU is one of the the most affordable master's-level private universities in the country, and student receive an excellent education. Every year, we enhance the quality of our programs and the quality of our student experience."

New tuition and fee rates are effective May 1, 2006.  

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