OKLAHOMA CITY (AP) — Oklahoma's higher education chancellor says the state's 25 colleges and universities are on track to save $451 million in five years.
Chancellor Glen Johnson told members of a legislative panel Tuesday that the state's higher education institutions have made it a priority to reduce their operating costs between 2011 and 2015.
Johnson says the savings are due to energy conservation, changes in salaries and benefits and changes in some university positions.
Johnson made the comments during a legislative study into the administrative costs of the state's colleges and universities and its impact on students.
Johnson says cutting costs has helped the state's colleges avoid large tuition increases. Johnson says tuition at Oklahoma colleges and universities has risen an average of 4.2 percent when other states have seen double-digit tuition increases.
If you owe under $729k you may qualify for 3.05% APR Govt Refi Plans.