The state budget froze tuition costs for two years. And the leader of Ohio’s largest university has been touring the state pushing for more affordable college education.
Ohio State University President Michael Drake says he’s on a mission to cut student costs. Part of this mission includes cutting spending by $200 million in the next five years all while generating another $200 million in revenue.
After speaking on a college affordability panel in Urbana, Drake said there’s a fine line between cutting costs and losing academic value.
“There’s a tension between those so if you cut too much you lose value but if you make yourself more efficient, you can also be more effective and we want to be more efficient, more effective, more affordable, more accessible and more excellent,” Drake said.
OSU’s budget is more than $5 billion. State lawmakers issued a challenge to all higher education institutions to cut student costs by 5 percent.
