You can expect to pay more for higher education this fall. When the new term starts, universities strapped for cash will be collecting more from students to cover operations. Schools are facing less funding from states and the federal government at the same time that energy costs and other expenses are rising.
The amount of the tuition increase will vary from school to school but students should plan on something between 5 and 10%. Most universities have a board of trustees which will set the tuition rate after getting recommendations from the school administration. There are some states where the legislature will cap the amount of any increase for schools that receive public funding.
In Michigan, which is home to several big universities, the average tuition hike is 7%. Saginaw Valley State is boosting tuition by 6.9% for the upcoming semester after having its funding from the state cut by $4 million. Western Michigan’s hike is going to be 6.6%.
In neighboring Ohio, where Ohio State University is king, the tuition is going up 3.3%. The president of the University says it is important to keep higher education affordable to all people. The increase will raise tuition at OSU to just over $9000 per year. Universities in Kansas are setting their tuition rates as well right now and the biggest jump of 7.4% will be for out of state students who attend the University of Kansas. Teachkansas.org can help you figure out if it is worth it.
Wherever you are planning to go expect to pay more. All schools are feeling the effects of the slow down in the economy.
