STILLWATER — Oklahoma State University is proposing no increases in tuition or fees for in-state undergraduates for the upcoming academic year, according to documents released Wednesday.
OSU officials will bring their budget proposal before the Board of Regents for Oklahoma State University and the A&M Colleges at a meeting Friday at OSU-Tulsa. A preliminary version of the proposal was made available Wednesday in advance of the meeting.
That proposed budget includes no tuition and fee increase for Oklahoma resident undergraduates and a 2.9 percent increase for nonresident undergraduates at the university's Stillwater and Tulsa campuses.
The last time OSU students saw tuition hold steady was during the 2009-10 academic year, when the state higher education system saw a 3 percent increase in funding. That increase was driven in part by the influx of $69 million in federal economic stimulus money.
This year, higher education saw its budget increase by $33 million, most of which goes to cover the cost of the $24 million debt service on the 2005 higher education capital bond issue.
Although higher education officials said they were pleased with the increase, the amount was less than they had requested. Oklahoma higher education Chancellor Glen Johnson had requested a $97.4 million increase over the last fiscal year, with $55 million going toward the state's performance and college completion goals.