The annual cost for a resident to attend school at one of Oklahoma’s public four-year universities is considerably less than the national average, $4,400 compared to $7,605, according to a higher education report recently released.
The “2010-11 Tuition Impact Analysis Report,” a detailed report compiled by the Oklahoma State Regents for Higher Education, shows that Oklahoma residents pay an average of $982 less per year in tuition and mandatory fees for an undergraduate education than their peers in other states.
“Despite decreased budgets and record enrollments, Oklahoma’s colleges and universities are still among the most affordable in the nation,” said Chancellor Glen D. Johnson. “The State Regents and each of our 25 colleges and universities are committed to providing every student the opportunity for an affordable, quality college education.”
The tuition impact report reveals that students who enrolled in 30 credit hours at the state’s research institutions – Oklahoma State University and the University of Oklahoma – pay an average of $6,781 in tuition and mandatory fees, compared to $7,645 at peer institutions. OU and OSU continue to be ranked among the lowest of the Big 12 for undergraduate resident tuition and mandatory fees.
Students enrolled at the state’s regional universities pay an average of $4,400 for resident undergraduate tuition and mandatory fees compared to $5,323 at peer institutions.
Students enrolled at the state’s community colleges pay an average of $2,775 for resident undergraduate tuition and mandatory fees compared to $3,935 at peer institutions.
Institutions have increased the amount of financial aid available to students to help offset the 5.1 percent average tuition and mandatory fee increase. Resident tuition waivers increased this year throughout the state system by $1.6 million, or 3.1 percent, over FY10. In addition, the State Regents continue to provide funding for concurrent enrollment waivers to encourage high school seniors to earn college credit.
According to the report, the tuition and mandatory fee increases have had a minimal impact on enrollment for fall 2010. This fall’s preliminary enrollment figures show a record enrollment of 193,363 students, an increase of 3.2 percent from fall 2009.
The annual Tuition Impact Analysis Report is the result of action taken in 2003, when state legislators granted colleges and universities tuition- and fee-setting authority within prescribed limits, requiring the State Regents to provide them with a detailed report on how the state system is complying with certain provisions set forth in the law.
The State Regents will formally present this year’s findings to the governor and state lawmakers in early 2011.