AUSTIN (KXAN) -- Students at the University of Texas at Austin could pay more to attend the school if the board of regents approve a tuition increase the president recommended Monday.
UT Austin President Greg Fenves sent the proposal recommending a 2 percent tuition increase for 2018-2019 and 2019-2020, calling it a "necessary investment" in the university. Resident undergraduate tuition is about $5,200 per semester. Those students would pay $104 more per semester next school year and $106 more per semester the year after. Most graduate programs will also have similar increases, although business and pharmacy programs will have larger increases.
Fenves wrote in a letter to the UT Austin community that a committee of student leaders, faculty members and senior administrators came up with the proposal. The money would go toward keeping up with increasing costs due to inflation, making salaries competitive for faculty and staff and providing needed maintenance to campus facilities.
"Maintaining value, affordability and accessibility is crucial to our mission as the flagship university in Texas," Fenves said. "UT is powered by students and families of all socioeconomic backgrounds from throughout Texas and beyond. An increase in tuition - of any amount - impacts the lives of all Longhorns."
The increased tuition is not yet finalized -- first, the University of Texas System Board of Regents must consider it and vote on it, which it will do in a February meeting. Other UT system schools were also slated to provide their proposals Monday. The University of Texas Permian Basin has an 8.9 percent tuition increase for next year -- resident undergraduates would pay $305.85 more. Current tuition is $3,867.70. KXAN is working to confirm other numbers.
In 2016, the board approved a tuition and fee hike for universities across the system. UT Austin students have seen a 6 percent increase in the past two years.
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