The Board of Governors of the State System of Higher Education yesterday approved a new tuition model that allows each university to craft their own tuition plans. Each university’s plan will require Board approval before being implemented. The new policy also calls for tuition to be tentatively set two years at a time—with a final figure due each year by April instead of July.
Under the plan, each school will be able to factor in regional economic differences, cost of living regional buying power, and individual program costs. The individual pricing plans could take effect as early as the fall 2020 semester. The Board will continue to set a base tuition rate each year for those universities that choose not to design their own tuition plans, or need more time.
The universities will have about a year to develop their own tuition plans and submit them to the Board for approval.
