EUGENE, Ore. -- The University of Oregon Board of Trustees has approved new tuition rates for the upcoming academic year, giving the go-ahead to a new guaranteed tuition program for incoming students.
The plan was approved 13-0 at the board's March 17 meeting.
Under the new rates, current undergraduate tuition will increase 3% per year over the next four years.
For incoming students, resident tuition will be 10.75% more and nonresident tuition will be 7.5% more. However, this cost will remain locked in for five years.
FAQ: GUARANTEED TUITION
Kay Jarvis, Director of Public Affairs for the university, said this plan will help incoming students plan their finances for higher education.
"If you have incoming students and they knew what the rate is going to be, they can financially plan for it," Jarvis said. "They and their families will know, okay, if you can graduate in four or five years. Here are what the costs going to be and you're prepared for it."