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OIT Reduces Fall Tuition Hike
Written By: Holly Dillemuth, H&N Staff Reporter
Oregon Tech announced plans Friday to reduce fall tuition from the anticipated 8 percent increase to 5 percent after the Oregon Legislature approved $737 for higher education.
The tuition reduction is based on Senate Bill 5524 that was approved in both the House and Senate and awaits a signature from Gov. Kate Brown, according to a university news release. The action makes good on a promise to reduce tuition by 1 percent for each additional $20 million in funding from the state.
“For the extra money we got, we were able to drop tuition by 3 percent,” said Nagi Naganathan, president of Oregon Tech.
The tuition bill for students taking a 15-credit course load is estimated to drop by an average of $225, according to the university. This would also further reduce any borrowing costs that would have accrued on those amounts.
“This budget enables a strong, stable economy for our state through investments in Oregon’s students,” said Lisa Graham, chair of the Oregon Tech Board of Trustees. “They are a large part of the future workforce that promotes state economic and fiscal health. We are pleased to be able to use our state’s additional investments to reduce the financial burden on our students and their families.”
Naganathan thanked the Oregon Legislature and Gov. Brown for additional investments in Oregon Tech.
“We are grateful for the investment that the Governor and Legislature have made in the Oregon’s students,” Naganathan said in a news release.
“This a student-centered budget that continues the momentum of the past few years of a moderate but steady reinvestment in Oregon’s most valuable asset: its highly skilled and educated workforce. This is also an example of how a collaborative and constructive engagement on our campuses can yield great results.”
Naganathan praised Government Relations staff Lita Colligan and Brittany Miles for legislative advocacy for the university in Salem, as well as Oregon Tech CFO Brian Fox, Vice President Erin Foley, and faculty and staff members of the Tuition Recommendation committee.
“Their excellent ambassadorship is one of the reasons we are able to celebrate this beneficial outcome for all of our students and their families, and for Oregon Tech,” Naganathan said.
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OIT Reduces Fall Tuition Hike (Herald and News)
