The board of regents at the Texas A&M system has voted to keep tuition the same in the fall of 2022. The A&M system says in-state residents paid an average of $31,428 for tuition, fees, books, food, and other expenses last year.
"The Board is very focused on making a college education affordable for all Texans and pledges to make accessibility and fairness our highest priority," Texas A&M University System Board of Regents Chair Tim Leach wrote in a statement.
"We recognize there is inflation for running universities, but there is inflation on families and students as well. We’ve decided to manage our costs rather than raise tuition," Chancellor John Sharp said.
The decision applies to all 11 universities in the Texas A&M system. The system has a budget of $7.2 billion and a total of more than 152,000 students.
Sharp says the decision to keep tuition the same is the result of "the A&M System’s conservative fiscal management." He also credits the state legislature with increasing funding for higher education. In the last session, the Texas legislature increased higher education funding by $486 million.
In April, the Bureau of Labor Statistics says the Consumer Price Index increased 8.3%, down from 8.5% in March. Over the past year, the bureau says energy had the largest increase of 30.3%; used car prices increased 22.7%; new cars had increased 13.2%; food prices had increased 9.4%.
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