The University of Findlay’s Board of Trustees has approved a statement of principles, vision and student benefits that provides direction and outlines areas of strategic priority for the University during the decade ahead.
The new statements are an outgrowth of an update in the University’s strategic plan, completed in 2011 under the leadership of Dr. Katherine Fell, University president.
The trustees also approved an increase of 2.9 percent in tuition and fees and 1 percent each in room and board — the smallest increase in many years.
“The University recognizes the sacrifices that parents and families make to provide their children with a high-quality private education. That is why we have set the tuition and fees for next year as low as possible. That is also why we provide merit scholarships that range from $9,500 to $14,500 per year, as well as need-based scholarships,” said Dr. C. Richard Beckett, chair of the Board of Trustees. “University scholarships are renewable annually if students maintain their grades.”
UF invests more than half of its tuition dollars in financial aid to students, while the remainder goes to cover operating costs, said Dr. Fell. “We do our utmost to control costs while offering our students the benefits of small classes, faculty mentoring and hands-on learning, which have long been hallmarks of a Findlay education.”
While the Board of Trustees has approved the increase, the budget remains in draft form and will be finalized at the board’s October meeting.
Also today, the trustees granted trustee emeritus status, with deepest appreciation, to member Dr. Frank Cosiano, who is stepping down from the board after 18 years of service. The board welcomed new trustee James C. Koehler II, who is vice president of real estate development for Country Club Acres Inc. of Findlay. Koehler holds a bachelor’s degree in finance and real estate from the University of Cincinnati and a master of business administration degree from Bowling Green State University.