Posted on Monday, October 1st, 2012 at 8:07 pm.
According to a recent analysis, students in the state of Texas are paying 55% more in tuition for state universities than they were in 2003. A decade ago, state lawmakers deregulated state tuition and allowed each campus to set their own tuition prices.
On average, state residents pay about $7,500 for tuition now, which, prior to deregulation, was only about $4,000. Officials with the Texas Higher Education Coordinating Board have stated that the issue of tuition increases stems from a “lack of state funding and bloated institutions.”
Gov. Perry has sought to make changes to keep tuition down. He recently pushed for college freshmen to be given the ability to lock in tuition rates so that they can pay the same rate over their four years of college education.
College tuition is an expense that many begin to save for for many years before their kids reach college. If you or a loved one is interested in personal bookkeeping advice in organizing your money in the best way possible for your family, contact an Austin Accountant today.