USI’s Board of Trustees has approved a new budget. WNIN’s John Gibson has details:
At its regular meeting on Thursday, the Board of Trustees approved a $130.6 million annual operating budget for the 2025-26 fiscal year.
The Board also approved miscellaneous fees and reviewed the schedule of student fees and other mandatory fees for 2025-26.
The University announced last month that it was freezing fees.
USI income is derived from two primary sources: tuition and fee revenues and state appropriations.
Also on Thursday, the USI Board approved the disbursement of financial aid awards for the 2025-26 academic year and received an update on current campus construction projects.