With a 2.4-precent budget cut for the next fiscal year, the OSU/A&M Board of Regents voted to increase college tuition and fees. OSU-Stillwater tuition changes are as follows:
- In-state undergraduate — 4.5 percent or $336 annual increase
- Non-resident undergraduate — 4.7 percent or $951 annual increase
- In-state graduate — 4.8 percent or $329 annual increase
- Non-resident graduate — 4.5 percent or $941 annual increase
The regents approved the FY 2016 operating budget of $1.3 billion for the Oklahoma State University system. The budget includes state appropriations of $232.7 million.
“Our board strives to keep a higher education degree affordable and accessible across the institutions we oversee,” said OSU/A&M Board of Regents Chair Rick Davis. “Although faced with various budget challenges, we are very appreciative of our state leaders who recognize the significant role higher education plays in the overall growth and economic development of our state.”
This year’s increase in tuition and mandatory fees is for all of OSU’s five branch campuses. The increase is the first for in-state undergraduates on the OSU-Stillwater campus in three years and the first for non-resident undergraduates in two years. OSU tuition and fee rates are among the most affordable in the Big 12 and across the nation. Based on the most recent data, OSU’s tuition and fees for in-state undergraduates are 30 percent, or more than $3,100 a year, below the national average for land-grant universities.
The above amounts are based on 30 credit hours for undergraduate students and 24 credit hours for graduate students.
Since fall 2010, OSU Stillwater/Tulsa enrollment has grown by more than 2,300 students or 10.1 percent, the largest increase of any public Oklahoma institution. The university expects continued undergraduate growth on the OSU-Stillwater campus this fall, with a projected increase of 250 students. The OSU budget must now receive approval from the Oklahoma State Regents for Higher Education.