Proposal that gives four-year colleges tuition setting power moves forward
POSTED: Wednesday, December 5, 2012 - 7:15pm
UPDATED: Wednesday, December 5, 2012 - 7:19pm
Baton Rouge, La (NBC33) — A committee has decided to move forward with a proposal that could give schools like LSU the okay to decide their own tuition.
The Board of Regents will have the final say on that proposal tomorrow. The committee spent several hours going over the proposal this afternoon.
Louisiana is the last state in the country that does not have the management boards at the university level making tuition decisions and setting rates.
This proposal will allow them to increase tuition, but with certain parameters set by the Board of Regents’ tuition policy; the increase is usually only up to ten percent.
“In legislation, now we have the ability to raise tuition up to 10 percent,” stated Commissioner of Higher Education Jim Purcell. “If they are successful with the Grad Act, this will allow for raising tuition slightly above that. We do anticipate the institutions will raise tuition not much higher than that, but it does allow them to nuance their tuition on other markets, and really know how far they are from their peers. We all have to complete in the global workplace.”
This proposal would help schools like LSU who are way behind in the market.