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Indiana Yearly Expenses by Quarter
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INDIANAPOLIS The Indiana State Budget Committee heard testimony Thursday that the state's revenue is $3.3 billion above forecasts for the current budget cycle. The state is projected to see reserves of $5.1 billion at the end of fiscal year 2022 and $4.1 billion in the next fiscal year.
The average cost of attendance at any 4-year institution is $35,331. The average cost of tuition at any 4-year institution is $28,775. At public 4-year institutions, the average in-state tuition and required fees total $9,349 per year; out-of-state tuition and fees average $27,023.
College Costs in Indiana The average annual in-state college tuition in Indiana was $18,327 for the 2020-2021 academic year. This is $3,407 higher than the U.S. average and ranks Indiana amongst the costliest as the 12th most expensive and 41st most affordable state or district to attend college.
A report presented to the State Budget Committee forecast tax collections growing nearly $1.9 billion, or 10.4%, more for this fiscal year than what was expected when the current state budget was approved in April. That would push Indiana's budget surplus to a whopping $5.1 billion by the end of next June.
The average cost of attendance at any 4-year institution is $35,331. The average cost of tuition at any 4-year institution is $28,775. At public 4-year institutions, the average in-state tuition and required fees total $9,349 per year; out-of-state tuition and fees average $27,023.
Indiana officials are projecting booming growth in the state budget surplus, setting up a debate during the upcoming legislative session over possible tax cuts. Dec. 16, 2021, at p.m.
As part of its ongoing efforts to widen the path to a four-year college education, Earlham College will offer free tuition to Indiana students whose families are Pell and State of Indiana grant-eligible and earn at or below the state's median household income.
Indiana's current budget The enacted budget included total spending of $46.2 billion in FY 2022 and $45.9 billion in FY 2023, plus general fund appropriations of $18.5 billion for FY 2022 and $18.9 billion for FY 2023.
Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).
For the academic year 2021-2022, the undergraduate tuition & fees at Indiana University-Bloomington is $11,333 for Indiana residents and $38,352 for out-of-state students. The undergraduate 2022-2023 estimated tuition & fees for IU is $11,446 for Indiana residents and $39,119 for out-of-state students.
