May 21, 2013
COLLEGE STATION, Texas, May 21, 2013 – In advance of pending legislation on fixed four-year tuition options, The Texas A&M University System Board of Regents authorized member universities to offer a guaranteed tuition and fee plan and an optional tuition and fee plan for undergraduate students earlier this month.
“We recognize the need to improve accessibility and affordability in higher education,” said A&M System Board of Regents Chairman, Phil Adams. “And it is in that spirit that Chancellor John Sharp and our university presidents determined their visions to implement what Governor Perry has set out as a priority for the state – to have opportunities for guaranteed tuition rates for the four years a student is in school.”
Each plan will be designed to help families plan their college expenses and protect students from less predictable annual tuition and mandatory increases, and to improve graduation rates at member institutions. Plans presented to the board as examples include:
- A guaranteed rate of tuition and mandatory fees every year for four years. While the set amount would be higher than a non-guaranteed rate the student’s first year, the four-year amount would be guaranteed to be no more than would otherwise be paid for tuition and mandatory fees over the four-year period. For programs requiring more than four years, the guaranteed rate would be extended accordingly.
- A lower tuition and mandatory fee rate that is tied to performance, perhaps one rate for a four-year graduation performance, another rate for a six-year graduation performance and an additional rate for more than six years. Rates may be established in advance and discounts rebated to students upon successful achievement of the on-time performance.
- Graduated tuition and mandatory fee plans that connect tuition and mandatory fee level to expected family contributions.
- A tuition and mandatory fee rate that is increased each year the same rate as inflation.
Options may be available for incoming fall 2014 students. Rate plans will be presented to the board for approval and outline financial implications for the institution offering the plan.
“We have been working to increase our productivity and efficiency throughout the A&M System so that we remain accessible to every student in Texas,” said A&M System Chancellor John Sharp. “And I’m proud to say that our institutions have adopted a vision of high-quality education at an affordable cost.”
About the A&M System
The A&M System is one of the largest systems of higher education in the nation, with a budget of $3.3 billion. Through a statewide network of 11 universities, nine agencies and a comprehensive health science center, the A&M System educates more than 120,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. Externally funded research expenditures exceed $780 million and help drive the state’s economy.
Contact: Steven B. Moore