Students at all of Oklahoma's public colleges and universities could see tuition and fee increases during the upcoming year if schools' plans are approved.
The Oklahoma State Regents for Higher Education heard tuition proposals from state colleges and universities at the regents' board meeting Wednesday. The board is scheduled to vote on those proposals at a meeting Thursday.
If the proposed budgets are approved, each public college and university will see at least some increase in its tuition and fees.
Each college except one — Connors State College — is seeking an increase in tuition. Connors State's proposal includes some fee increases, including implementing a $1 per credit hour records fee to fund efforts to digitize university records.
The University of Oklahoma's proposal would increase undergraduate tuition and fees by 3 percent for Oklahoma residents and 5 percent for nonresidents. For a resident taking 15 hours of courses, that increase would add up to about $108.
OU President David Boren said the increase would allow the university to pay for expenses that went unfunded under the state's budget for the upcoming fiscal year. The Legislature passed a $6.8 billion budget bill in the final hours of the 2012 legislative session last month.
The budget bill includes a $955.26 million allocation for higher education — essentially the same amount the system received during the current fiscal year. That includes $10 million the system received as supplemental funding during fiscal year 2011, but was then included as a part of the annual base appropriation.
The budget is $34.7 million less than system Chancellor Glen Johnson requested in a budget proposal this year. Of that amount, $27.8 million would have gone toward mandatory cost increases, such as rising insurance premiums and utility costs.
Need to finance your business? Get a business loan today. Apply free!