To help offset the rising of higher education, Texas A&M will not increase tuition rates for Fall 2022.
The Texas A&M University System Chancellor, John Sharp, stated the decision would affect all 11 Texas A&M campuses. Due to inflation, the university’s Board of Regents decided tuition would stay the same to help shield families from financial burdens, the university said.
“It’s impacting students. It’s impacting us. We felt it was us that ought to find a way to cope with it rather than the families and the students here. They decided not to have a tuition increases this year,” said Sharp.
He said that now is not the time to burden families, and the schools will “live with” the inflated expenses.
“The legislature did make up some of the shortfall that has happened over the last 10 years,” Sharp explained. “That propagated several hundred million into the formulas. A&M is the chief beneficiary in that formula because we have more students.”
Lauren Sharkis, a student at Texas A&M, told KRHD25 that she is thankful tuition is not going up.
“Especially because COVID hurt a lot, and so I know my mom, for instance, had to take some money out of my college trust fund in order to pay for her mortgage,” she said.
Texas A&M offers two types of tuition for first-year students: a four-year locked rate and a variable rate. Transfer students and returning students have the option of a variable rate, the first term of enrollment locked rate, or the current academic year’s locked rate.
Texas A&M tuition rates depend on:
- a student’s classification,
- whether they select a variable or locked rate,
- their major, and
- the number of hours they decide to take.
The average tuition and fees for colleges in Texas for the academic year 2021-2022 were $5,478 for in-state students and $16,137 for out-of-state students.
The amounts were less than the national average. Nationally, in-state students will pay $6,682 in 2022, while out-of-state students will pay $18,061.
In comparison, Gemini School of Visual Arts & Communication in Austin has the costliest tuition and fees in Texas, at $88,000 an academic year, while Guidance College in Houston has the least expensive tuition and fees, at $2,700 school year.