ARDMORE — University of Oklahoma officials got approval Monday to move forward with a flat-rate plan for undergraduate tuition and mandatory fees.
Source: Integrated Postsecondary Education System, U.S. Department of Education.
Under the plan, any full-time undergraduate student who takes between 12 and 21 credits per semester will pay a flat rate for tuition and fees that is based on the cost for 15 hours per semester during the 2012-13 academic year.
The OU Board of Regents approved the plan at a meeting Monday at the Samuel Roberts Noble Foundation in Ardmore. The plan will go before the Oklahoma State Regents for Higher Education on Wednesday.
OU officials also don't plan to raise undergraduate in-state tuition for the upcoming academic year. Nonresident undergraduates will see a 2.9 percent tuition increase.
During Monday's meeting, OU President David Boren said the plan could save OU students and their families thousands of dollars by encouraging them to graduate earlier.
Most degree programs at the university require 120 credit hours to graduate, he said, meaning a student who takes 30 hours per year would be on track to graduate in four years. A student who takes five years to graduate would spend about $13,000 more in tuition, fees and living expenses, Boren said.
The plan also includes a scholarship component to help students who work outside jobs to pay for school. Many OU students work full-time jobs while they go to college, making it difficult for them to take 15 hours a semester, Boren said. The university will offer scholarships to allow those students to work fewer hours, he said.
The university will pay for those scholarships from extra revenue the university receives through tuition and fees, Boren said. Although the plan is intended to encourage students to take at least 30 hours per year, Boren said, some students will still choose to take fewer classes, meaning they'll pay more for those classes than they would have in the past, generating extra revenue for the university.