Tennessee Board of Regents Votes to Increase Student Fees
June 22, 2014
Austin Peay State University sees a 5.6 percent Maintenance Fee/Tuition Increase
Nashville, TN – On Friday, June 20th, the Tennessee Board of Regents (TBR) approved a recommendation to increase tuition and fees at its institutions this year.
Among other actions, the Board approved the Finance and Business Operations Committee’s recommendation to increase hourly maintenance fees 5.8 percent at the 13 community colleges across the state, 8.5 percent at the 27 Tennessee Colleges of Applied Technology, and ranging from 0 to 6.9 percent at the six TBR universities.
Because of an unexpected decline in state revenue collections, the outcomes-based funding formula used to allocate state appropriations was not fully funded this year. As a result, fee increase recommendations were higher than planned, a point expressed by TBR Chancellor John Morgan. [Read more]
