Four-year public universities nationwide have increased their tuition and fees by almost 8 percent this year.
But students might not have felt the full effects of the increases because financial aid has also increased, according to College Board reports. There has been a $10 billion increase in Pell grants, which has helped keep what students actually pay down.
The report said average tuition and fees have increased by about 24 percent in the past four years. Students receive an average of $6,100 in grant aid and federal tax benefits at public, four-year universities.
“Tuition was deregulated in 2003,” said Lizette Montiel, assistant director for state relations for the Texas Higher Education Coordinating Board. “So institutions have the authority to increase or lower tuition as they see fit. But the legislature makes the decisions on how much financial aid or state grant money will go to the institution or how much is allocated.”
Thomas Melecki, director of UT’s student financial services, said the cost of running institutions continues to increase.
Read the full story at the Daily Texan.
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