The impact of the price of oil has been huge in Oklahoma. And it ain't rising fast enough to help anytime soon. Focusing on the impact at one HBCU, this article comes from News.OK.
How much will college tuition increase this fall in Oklahoma?
More than 70 percent of Langston University's students are the first in their family to go to college. President Kent Smith said the first question their parents ask is, "How much will it cost?"
Smith and the presidents at all Oklahoma public colleges and universities are deciding what the answer to that question will be starting July 1.
Tuition and mandatory fees — a big part of each institution's budget — are going up. College administrators have to determine how much is enough, but not too much.
"We will propose an increase of 5 percent to 8 percent," said Smith, who figures that will be among the lowest tuition hike requests statewide.
College administrators will present their proposed 2016-17 budgets and requests for tuition increases to the Oklahoma State Regents for Higher Education for approval June 29.
Tuition didn't go up in 2009-10. In the six years since, the average annual increase for all institutions has been 5.2 percent.
This year, the higher education system took a cut in state funding of nearly 16 percent, and passed that along to each college and university.
Langston's allocation is almost $2.9 million less than one year ago.
It would require a 29 percent increase in tuition and fees to make up the difference, Smith said.
"If you raise it too much, you start pricing yourself out of the market you're in," he said.
Langston has increased enrollment the past two years by marketing itself to out-of-state students — about 40 percent of the student population — with "an affordability message," Smith said.
The college rankings site AffordableSchools.net announced Wednesday its newest niche college rankings list, featuring the 25 Most Affordable Bachelor's-Granting Historically Black Colleges/Universities.
Langston was third — after Elizabeth City (N.C.) State University and Clinton College, Rock Hill, S.C. — with annual in-state tuition at $5,042 and out-of-state tuition at $12,370.
Efforts to keep tuition low next fall have included laying off 20 faculty and staff members, or nearly 10 percent of the workforce, Smith said.