Most students attending The Ohio State University can breathe a sigh of relief.
The OSU Board of Trustees approved a tuition freeze Friday for all in-state undergraduate students at all of the university’s campuses.
Dr. Michael Drake, Ohio State University President, said Friday he is making college affordability a top priority.
For the first time in 40 years, tuition and mandatory fees will stay the same for in-state undergraduate students.
Current in-state tuition for one year is $10,037.
In addition, room and board prices for both in- and out-of-state students will not change.
“It will mean that a student who graduates next in four years next spring will pay the same tuition for all four years for her attendance here at the University. That’s almost unprecedented in this day and age,” Drake said.
However, a 3.1 percent hike in out-of-state tuition will be in effect for the 2015-16 school year.
Dr. Drake explained how the University was able to keep tuition the same.
“…we found in a very deep dive was that we had areas of efficiency that we had not yet realized,” he said. “And our direction was then to realize those efficiencies and then to reinvest those savings back into our students.”
Drake also announced Friday the President’s Affordability Grants that will be available for low and middle-income instate undergraduates.
Qualifying students could receive up to $1500.