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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

LU to offer guaranteed price plan

To help individuals better plan financing their college education, Lamar University will offer an optional guaranteed price plan.


The new optional payment plan goes into effect fall 2014. It isn't a discounted tuition, but is a set price that accounts for anticipated increases in tuition and fees over 12 consecutive semesters.


The requirement to offer a tuition payment plan for an undergraduate's tuition is fixed for 12 consecutive semesters was passed in House Bill 29 a year ago.

Lamar students not in the plan will be subject to any tuition price increases while they attend school.




BEAUMONT - From Lamar University

To help individuals better plan financing their college education, Lamar University will offer an optional guaranteed price plan, official said. The new optional payment plan goes into effect Fall 2014.

The new optional payment plan will offer a clearer picture of the total cost of a Lamar University undergraduate degree in a way that makes it easier to plan, said Kevin Smith senior associate provost.

It is not a discounted tuition, but rather it is a set price that accounts for anticipated increases in tuition and fees over 12 consecutive semesters, Smith said. The premium on designated tuition under the plan is 12 percent, based on an assumed 3.95 percent annual increase in tuition and mandatory fees.

The requirement to offer a tuition payment plan in which an undergraduate tuition is fixed for 12 consecutive semesters was passed in House Bill 29 on March 4, 2013 in the 83rd Regular Session.

Lamar University's designated tuition rate under the guaranteed price plan will be $188.00 per credit hour. Tuition for Fall 2014 for students not in the plan will be $168.

The Texas State University System Board of Regents approved Lamar's plan along with those of other TSUS schools.

For more information on Lamar University, visit www.lamar.edu, or www.BeACardinal.com.


 

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