Students from all over the country, even the world, attend the University of Central Florida, all in hope of gaining a worthy education as well as a diploma upon graduation.
However, tuition is unique to each student depending on where they are from and the amount credit hours they are taking, even if they have scholarships.
Debate over whether or not to raise the undergraduate tuition rates of $212.28 per credit hour in-state and the $748.89 for out-of-state students, as well as the graduate tuition rates of $369.65 per credit hour for in-state and $1,194.05 for out of state, according the The Orlando Business Journal, took place, where a decision has now been made.
The University of Central Florida will not raise tuition prices for the 2015-2016 academic year.
“There was a desire by the state level to hold costs down for students,” William Merck, UCF chief financial officer, told the Orlando Sentinel. “Everybody agreed this is something we should probably do.”
UCF’s decision to fall in line with the wishes of state leaders and not raise tuition comes as UCF is lobbying state officials to approve a downtown campus.
Tuition increased in the 2012-2013 academic year, which increased UCF’s bottom line and likely helped the university be in a stronger financial position to propel the downtown project forward.
The project is now underway, and according to www.ucf.edu. The downtown campus has a hopeful opening date for the Fall of 2017.
For now, students budgets can stay as they are, until the debate is brought up again for the 2016-2017 academic year.
Derek Lowe contributed to this report.