Georgia State University is an institution that has plenty to offer to their students, but just like every other school of higher learning, there is a price to pay in order to reap these resources. The largest amount of money asked of students to give to a university is the required tuition (and fees). This sum can also be a determinant of whether or not a student will choose to attend or even apply to a school. Within the past year, the increase of tuition has been an issue for incoming Georgia State students, current students and the Board of Regents.
Tuition and fees are both costly for in-state and out-of-state students, but more expensive for one who is coming to Georgia State from another state. As defined by the University System of Georgia, tuition is the payment required for credit-based instruction and related services and shall be charged to all students. The estimated total cost for an on campus, undergraduate student from in-state is $22,554 with $9,664 of that amount being tuition and fees.
On the other hand for an out-of-state, on campus, undergraduate student the estimated total cost is $40,764 with $27,874 as the charged tuition and fees. Purpose as to why various fees are charged, such as the institutional fee, is because they provide general funding to fill the gap in cost that the state budget and the set tuition of a school can not cover. It is an investment into the school’s library and even faculty salary. The issue that has come to hand is the increase in these required payments.
Students, whether they are declared in-state or out-of-state, and especially those who attend Georgia State without an athletic scholarship, believe what is already required for them is pricy. Some work through their college career to pay, others may have received smaller, random scholarships and most if not all students obtain federal aid or take out student loans. For the coming 2012 to 2013 year and hence forth, the Board of Regents has mandated that Georgia State raise tuition by 3. 5 percent for undergraduate studies and increase by 3 percent for those in the graduate programs.
Meaning, more hours have to worked, higher request in federal aid and more loans to borrow. College students state-wide are now required to be extremely strategic with their spending more than ever; as well as finding the most efficient way to pay for school. Board of Regents does have legitimate reasoning behind the decisions concerning the cost of tuition. Governor Nathan Deal recommended a new formula for the University System of Georgia. An increased tuition allots for more money to spent toward Georgia State.