Full-time undergraduate students will see a 2.5% increase in tuition rates next fall, the Board of Regents of the University System of Georgia’s announced today in its newly approved funding plan for the 2019-20 academic year.
The increase translates to $35 to $125 per semester for a full-time, in-state undergraduate student, or 2.5%.
The Board said it continues to ensure fees charged by USG institutions are kept to a minimum. Eleven of USG’s 26 institutions will also be allowed limited fee increases for the upcoming academic year, ranging from $4 to $50 per semester for a full-time, in-state undergraduate student.
The Board did not raise tuition in 2016 or 2018, and by limiting the increase to 2.5% for the 2019-2020 academic year, has held increases to an average of 1.7% annually over the last 5 years, less than the rate of inflation.
“Limiting tuition increases to 2.5% will help enable institutions to balance the critical needs of affordability and quality for students and families,” said Chancellor Steve Wrigley. “At the same time, USG will continue building upon systemwide initiatives to ensure on-time college completion, increase student access to free textbooks and reduce student borrowing. USG institutions are advancing our priorities of affordability, efficiency and degree attainment while continuing to provide students with a high-quality education.”
USG last year launched a systemwide, comprehensive effort to increase students’ successful degree completion and on-time graduation, they said. This initiative, known as the Momentum Year, is the first of its kind in the country. At the same time, USG is implementing a systemwide financial literacy initiative called Know More, Borrow Less. It’s designed to reduce student borrowing, increase their understanding of debt and provide them with timely, customized information about their student loans.
“USG continues to offer some of the lowest tuition rates among peer state public higher education systems,” said Interim Executive Vice Chancellor for Fiscal Affairs Tracey Cook. “Out of the 16 states that make up the Southern Regional Education Board, USG ranks fourth-lowest in tuition and fees for four-year institutions, down from sixth-lowest last year.”
USG currently provides free, open-source, online textbooks through the Affordable Learning Georgia initiative, which saves students $19 million a year. According to recent data by Rice University, two USG institutions rank among the top 10 schools nationwide for providing free online texts.
Tuition rates for each institution may be found here.