COLLEGE STATION, Texas — The Texas A&M University System announced last week that students will not see a tuition spike this fall. Due to an increase in inflation, this decision impacts all 11 Texas A&M University campuses.
Chancellor of the Texas A&M University System, Chancellor John Sharp explains how the board wanted to take initiative and help families.
“Inflation impacts families,” said Chancellor Sharp, chancellor of the Texas A&M University System. “It has an impact on the students. Obviously, it affects us. We felt that it was us who should find a way to deal with it rather than the families and the students who are here. They have made the decision not to raise tuition fees this year.
Chancellor Sharp says inflation alone is a burden on families. The board did not want tuition to be another burden.
“Now is not the time to increase this burden,” said Chancellor Sharp. “University, all 11, is also going to have these inflated expenses, but we just decided that we’re going to live with it. We are going to get through this and not put that burden on students and families this year. »
With proper stewardship of funds, Chancellor Sharp says the university system will be able to manage without tuition increases.
“The Legislature has made us part of the shortfall that has happened over the last ten years,” Chancellor Sharp said. “It spread $700 million in formulas. A&M is the main beneficiary of this formula because we have more students.
The news is a relief for Texas A&M student Lauren Sharkis and her mother.
“Mostly because COVID has hurt so much and I know my mom, for example, had to take money out of my trust fund to pay her mortgage,” said Texas student Lauren Sharkis. A&M University.
Alexander Pickard is also a Texas A&M student who says not seeing a tuition increase will help him financially for the future.
“It will be a relief to me just in terms of my future and my financial security before I enter the real world,” said Texas A&M University student Alexander Pickard.
Pickard thinks the move could help families in financial difficulty.
“I think this is a big step in helping families in need and families who are constantly being pressured by rising prices due to inflation,” Pickard says.
The Texas A&M University System Board of Trustees is committed to making college affordable and accessible to all Texans.