Students at Oakland University will pay more for housing and tuition in the fall after last week’s budget vote by trustees.

On Friday, the university trustees approved a budget for the 2025-26 school year that included a 9% increase in on-campus housing after a two-year freeze. The new annual room rate is $11,261 for a double room, up from $10,662.

The $318 million budget also includes tuition increases for all undergraduate and graduate students. Medical school tuition is also increasing, though not as high.

The full-time tuition rate for in-state undergraduate lower division students is $552.50 per credit hour, an increase of 4.5%.

The full-time tuition rate for in-state graduate students is $951.50 per credit hour, an increase of 3.9%.

Tuition for medical school students will pay an average $61,483, an increase of 2%.

Total tuition increases are expected to raise $13 million in additional revenue for the university.

The budget also includes incremental expenditures of $10 million for salaries and benefits.

Stephen Mackey, senior vice president for finance and administration and board treasurer, also highlighted a watershed mark in cost savings OU achieved.

“We have had a cost containment strategy in place for the last 22 years and this year we crossed the $100 million dollar mark,” said Mackey. “That equates to about $4.6 million in savings for the last 22 years. That mark is something pretty incredible for a university of this size.”

Also in the new budget is $1.6 million dedicated to the Strategic Vision 2030 initiative, which looks to create a “clear vision and direction to fortify and develop Oakland University during the next five years.”

“Our intention is to build on Oakland’s identity, history and strengths while developing innovative solutions to current, foreseeable as well as unknown challenges that will undoubtedly emerge in the days ahead,” said OU President Ora Hirsch Pescovitz.

“This is a big investment that we are making into this university and into our future,” said Mackey. “It is to continue to put OU ahead of its peers in terms of service, in terms of performance and in terms of output.”

Pescovitz added, “It has been my charge as president to provide our students with an accessible, affordable and world-class education that serves as a catalyst for upward mobility and opportunity. And, we will continue to do that for the upcoming school year and into the future.”