Bryan/College Station, Texas — The Texas A&M University System’s Board of Regents will not increase tuition for Fall 2022, Chairman of the Board Tim Leach said today.
“The Board is very focused on making a college education affordable for all Texans and pledges to make accessibility and fairness our highest priority,” Chairman Leach said.
The decision impacts all 11 universities in the Texas A&M System.
“We recognize there is inflation for running universities, but there is inflation on families and students as well,” said Chancellor John Sharp. “We’ve decided to manage our costs rather than raise tuition.”
Chancellor Sharp credited the A&M System’s ability to manage its costs to the state’s elected officials who appropriated more money for higher education last year as well as the A&M System’s conservative fiscal management.
The Consumer Price Index peaked at 8.5 percent for the year ending in March 2022, the largest 12-month advance since December 1981, according to the U.S. Bureau of Labor Statistics.
Annual inflation rate slowed to 8.3 percent in April, but some economic sectors continued to see higher increases than the overall inflation rate. In April, energy prices were up 30.3%, food at 9.4%, new vehicles at 13.2% and shelter at 5.1%.
Dr. Mark Rudin, president of Texas A&M University-Commerce, said the A&M System’s decision will assist students and their families during these inflationary times.
“This decision by the A&M System will prevent added financial burden on our Lion families as they deal with high costs of living,” Rudin said. “We share the A&M System’s commitment to affordability and accessibility in higher education, so this is great news for our university community.”
About The Texas A&M University System
The Texas A&M University System is one of the largest systems of higher education in the nation, with a budget of $7.2 billion. Through a statewide network of 11 universities, a comprehensive health science center, eight state agencies, and the RELLIS Campus, the Texas A&M System educates more than 152,000 students and makes more than 24 million additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceed $1 billion and help drive the state’s economy.
About Texas A&M University-Commerce
Texas A&M University-Commerce serves rural and metropolitan East Texas with a dedicated mission to Educate. Discover. Achieve. With an enrollment of 10,966 students, the university is the third-largest member of The Texas A&M University System. The 2,100-acre Commerce campus provides many opportunities for students to learn and grow. The university offers more than 130 academic degrees at the undergraduate and graduate levels. A vibrant student experience includes a thriving Greek system, over 120 student-led organizations and 14 NCAA Division II athletic teams. The university will join the Southland Conference in July 2022 and begin a transition into NCAA Division I. A&M-Commerce offers classes online and on-site in Commerce, Corsicana, McKinney, Frisco, Mesquite and the newest location at 8750 North Central Expressway in Dallas.