One plan would tell incoming college freshmen, graduate in four years and you can save hundreds, maybe thousands of dollars.
Texas Higher Education Coordinating Board spokesman Dominic Chavez says those freshmen could be offered a chance to “lock in” their tuition rate.
“I can lock in, for a period of eight semesters, my tuition rate,” he explains, “so that I have some sense of predictability and can plan my finances accordingly.”
There is a hitch, though. “If I go beyond those four years, well, then the institution has the opportunity to raise my tuition and recoup all the savings I had.”
That would give students the incentive to stay in school, plus offers the possibility new students would decide to attend college due to the potential savings, a good deal for both the student and the school.