Miami University gives president $86K bonus, freezes in-state tuition

Miami University trustees awarded President David Hodge with an $86,000 bonus Friday and decided to freeze tuition for Ohio students this coming school year.

The university trustees voted to give a three percent raise to Hodge, who will retire from the position next June. With the raise, he will make $432,022 as Miami’s leader. Per his contract with the university, he will continue to make that salary for a year after he steps down from the position June 30, 2016.

Trustees also approved a raise for his wife, Valerie Hodge, who will now make $30,696 in her role as a university ambassador.

College leaders also have plans to freeze tuition for Ohio students for up to two years, they announced Friday.

The university trustees unanimously approved a plan to keep tuition at $13,533 for both undergraduate and graduate Ohio students this upcoming school year. Non-Ohio residents, however, will have to pay 2 percent more next year to attend the school. That will put cost of attendance for out-of-state students at $30,232 per year.

In the state budget bill passed Friday, lawmakers agreed to increase funding for Ohio’s public colleges if tuition stayed the same. Gov. John Kasich needs to sign the bill before it becomes law.

“(The budget bill) is expected to increase state support, better enabling Miami University to preserve the quality of its academic programs, while freezing tuition for all Ohio students,” said Mark Ridenour, the vice chair of the trustees, said during a regularly scheduled meeting Friday.

The college now plans to continue a tuition freeze for Ohio students into next year, said David Creamer, the vice president for finance at Miami.

Friday’s decision follows other Ohio colleges that have decided to freeze tuition in recent weeks.

Ohio State University trustees voted earlier this month to freeze tuition for the fourth year in a row; Ohio students pay $10,037 in annual tuition to attend the school.

University of Cincinnati also announced this week it would freeze tuition for next year.

Tuition costs do not include other costs, such as room and board, for yearly attendance.

Miami lists its total attendance cost at more than $25,000 for in-state students and $41,000 for out-of-state students.

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