Covering Pike County: Troy Hikes Tuition, Also Announces Major Construction Projects - WSFA.com Montgomery Alabama news.

Covering Pike County: Troy Hikes Tuition, Also Announces Major Construction Projects

Posted by: Desmond Wingard - bio | email

MONTGOMERY, AL (WSFA) - The Troy University Board of Trustees have approved the university to issue up to $57 million in bonds for several major construction projects.

The university plans to build a new multi-purpose arena, a fraternity village and a new dining facility.

The multi-purpose arena would seat between 5,000 - 6,000 spectators for basketball, but it would also be used for graduations, and other university events.

The new dining hall on Collegedale Street will seat about 1,000 students.

The University's Fraternity Village will replace outdated structures along Pell Avenue to house TROY's growing men's Greek organizations.

The university says the anticipated bond issue for the construction will be guaranteed by student fees, but much of the revenue needed for debt service has already been identified through other measures.

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The University's Trustees also approved a new tuition and fee schedule. The change means undergraduate tuition increases by 16 dollars per semester hour. That means tuition increases from $177 to $193 per credit hour. Graduate tuition will jump from $200 to $220 per credit hour.

According to a news release, Troy is also increasing the general student fee from $6 to $8 per credit hour. In addition, the trustees removed the 12-hour cap on the $9 activity fee, so students taking more than 12 semester hours will be charged an additional $9 per credit hour. The activity fee applies only to students on the Troy Campus

The changes go into effect this fall.

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