No tuition increases for the Texas A&M system this year
TEXARKANA, Texas — The Texas A&M University System Board of Trustees will not increase tuition for fall 2022, Board Chairman Tim Leach said Tuesday.
The decision impacts all 11 universities in the Texas A&M System, including A&M-Texarkana.
“The council is very focused on making a college education affordable for all Texans and is committed to making accessibility and equity our top priority,” Leach said.
Jeff Hinton, chief financial officer of A&M-Texarkana, said TAMU-T did not submit a tuition increase request to the TAMU board this year due to several factors, including inflation. .
“We recognize the economy isn’t in the best shape and we certainly want to maintain our status as the most affordable four-year facility in the state,” he said. “We understand people are struggling after the pandemic and we know the cost of education is not cheap.
“Every day, we examine all possible avenues to become a more efficient and effective institution. We are doing everything we can to reduce the cost of running the university so that we can hopefully pass these savings on to our students.
All Texas A&M system tuition increases are reviewed and approved by the university’s board of trustees. The board tracks the consumer price index to account for inflation when setting tuition fees.
The consumer price index peaked at 8.5% for the year ending March 2022, the strongest 12-month gain since December 1981, according to the US Bureau of Labor Statistics.
The annual inflation rate slowed to 8.3% in April, but some economic sectors continued to record increases above the overall inflation rate. In April, energy prices increased by 30.3%, food by 9.4%, new vehicles by 13.2% and housing by 5.1%.
“Other times, when necessary, the tuition itself will be increased,” Hinton said. “But I can tell you that A&M-Texarkana has had very minimal increases over the past few years when it comes to tuition increases.”
In 2020, Affordable Schools conducted a study of the 20 most affordable colleges in Texas for bachelor’s degrees, and TAMU-T ranked sixth. Their in-state tuition rate was $7,363, while out-of-state it was $19,392.
“With no tuition increase, hopefully (students) can take those dollars and use them for living expenses,” Hinton said. “And students who might have been on the verge of having to drop out because of the cost, maybe can stay and continue to invest in themselves, earn that degree, and become one of tomorrow’s leaders.”