UPDATE (6/21/2019):
The University of Tennessee Board of Trustees approved Friday a budget which includes a fifth year of low tuition increases.
The increases range from 2 to 2.5 percent, which are within the up to 2.5 percent range set by the Tennessee Higher Education Commission, according to a release from UT.
Since the board approved the budget, UT Knoxville will have a 2 percent increase, which is a $258 increase from Fiscal Year 2018-2019 to Fiscal Year 2019-2020.
The small increase is something the university is proud to announce. It started self-limiting tuition increases in 2015 and has not had five consecutive years of undergraduate tuition increases of 3 percent or less in 51 years.
According to the university, the majority of the increase is for tuition, but also includes a $26 increase to the Student Programs and Services Fee, which will be used toward a future recreational sports project anticipated for Fiscal Year 2023-2024. The rate also includes a $10 library fee increase, which will be used to help offset annual inflation rates.
Earlier this year, UT unveiled the UT Promise scholarship, which will start during the fall of 2020. It is a last-dollar scholarship program that will guarantee free tuition and fees for students with a family household income of under $50,000 and after other financial aid is received (such as Pell Grants, HOPE Scholarship, or other institutional scholarships).
Students must qualify for the Hope Scholarship and meet the academic qualifications for the institution to be eligible for this new scholarship. To help ensure success, students will be matched with volunteer mentors and will complete four hours of service learning each semester.
ORIGINAL STORY (6/5/19):
The University of Tennessee Board of Trustees will be considering a fifth year of low tuition increases when it meets on June 21.
The University released the proposed tuition increases for UT Knoxville, UT Chattanooga and UT Martin and requested feedback from students and the public.
The proposed increases range from 2 to 2.5 percent, which are within the up to 2.5 percent range set by the Tennessee Higher Education Commission, according to a release from UT.
UT started self-limiting tuition increases in 2015 and has not had five consecutive years of undergraduate tuition increases of 3 percent or less in 51 years.
“The University of Tennessee continues to do all that it can to make sure that higher education is accessible for all Tennesseans,” UT Interim President Randy Boyd said. “From keeping our tuition low to establishing UT Promise, we want to help ease the financial burden for our students and their families.”
UT Knoxville has proposed a 2 percent increase, which is a $258 increase from Fiscal Year 2018-2019 to Fiscal Year 2019-2020.
The majority of the increase is for tuition, but also includes a $26 increase to the Student Programs and Services Fee, which will be used toward a future recreational sports project anticipated for Fiscal Year 2023-2024. The rate also includes a $10 library fee increase, which will be used to help offset annual inflation rates, according to UT.
UT Chattanooga has proposed a 2.5 increase, which would result in a $216 increase from Fiscal Year 2018-2019 to Fiscal Year 2019-2020.
UT Chattanooga also has proposed a new tuition structure called Soar in Four for new students starting in fall 2019. Students entering under the Soar in Four program, similar to programs already established at UT Knoxville and UT Martin, will pay a flat rate of $9,656 for 15 credit hours or more a semester rather than the current rate based on 12 hours a semester. By taking at least 15 hours a semester, students should be able to graduate in four years.
UT Martin has proposed a 2.5 percent increase, which is $236 more from Fiscal Year 2018-2019 to Fiscal Year 2019-2020. The proposed increase will cover the growth in costs of providing programs to its students.
Earlier this year, UT unveiled the UT Promise scholarship, which will start during the fall of 2020. It is a last-dollar scholarship program that will guarantee free tuition and fees for students with a family household income of under $50,000 and after other financial aid is received (such as Pell Grants, HOPE Scholarship, or other institutional scholarships).
Students must qualify for the Hope Scholarship and meet the academic qualifications for the institution to be eligible for this new scholarship. To help ensure success, students will be matched with volunteer mentors and will complete four hours of service learning each semester.
Proposal and comment forms may be found at: https://trustees.tennessee.edu/tuition-and-fee-proposals/.