The Arizona Board of Regents has approved a new structure for setting tuition at the state’s public universities.
Typically, Arizona’s public universities meet with the board each spring to get approval for the tuition and fees they plan to charge that fall. Now, they’ll only have to meet every few years to set a maximum growth rate.
ABOR Vice President of Finance and Administration Brad Kendrex said the new structure is intended to increase cost predictability.
“Statewide, students would have an understanding of what the most the university could charge for tuition and fees the following year would be," he said. "So you could look out several years and say ‘I know prices are gonna go up most likely’ but know by how much.”
He said this is part of an effort to increase financial transparency for students and their families, as well as the state Legislature.
