Kent State trustees approve president's bonus, hikes to room-and-board costs

By Jeremy Nobile | Staff Writer Published:

Kent State University trustees approved hikes to room-and-board rates at the main Kent campus and tuition costs for the College of Podiatric Medicine.

Trustees also awarded outgoing President Lester Lefton a $106,000 bonus for meeting annual goals.

Lefton's yearly bonus is based on the achievement of annuals goals and objectives agreed upon by trustees and Lefton. The bonus is 25 percent of his base salary of $426,155. He will collect that July 1.

A combined increase of 3.9 percent to student double-room and board rates will take effect beginning this fall.

What do you think about the room-and-board hike? Share your thoughts in the comments below.

The double-room rates are to increase by 3.95 percent, while the basic board rate will increase by 3.83 percent. Officials cited inflation and the rising costs of maintenance for the increases to the self-sustaining room-and-board operations.

Gregg Floyd, KSU's senior vice president for finance and administration, said that new revenue will be applied exclusively to dorm maintenance and capital improvement projects.

The increase is expected to tack on about $100 to the overall, semester-based rates. Rates begin around $2,900 a semester for most standard double-room dorms. KSU's basic meal plan is $1,830 a semester.

The 4.5 percent hike in tuition for the Kent State University College of Podiatric Medicine for the 2014-15 academic year amounts to roughly $1,440 more a semester.

Annual tuition at the COPM is currently $33,240 for out-of-state students and $33,230 for those in-state.

The board is awaiting a final state budget before considering tuition rates for the rest of the university. The academic year for the COPM begins in May, which is different from rest of the university and resulted in the need for a tuition hike now.

Out of eight podiatric colleges nationwide, KSU is ranked fifth in terms of tuition. Officials say the increase is not expected to affect that placement.

Contact this reporter at 330-298-1126 or jnobile@recordpub.com

Facebook: Jeremy Nobile, Record-Courier

Twitter: @jnobile_RPC

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