Cameron University will adjust its tuition and fees for the 2022-23 academic year with the goal of simplifying billing and continuing toward a single rate for all methods of course delivery.
Last year, CU eliminated interactive TV and Zoom course fees and reduced online fees by $10 per credit hour. This year, Cameron is further reducing online fees by $20 per credit hour and reducing mandatory fees by $1 per credit hour while increasing tuition by $9.50 per credit hour. The tuition fee increase will be the first change in five years. The overall result is that all students will pay roughly the same cost, whether in a classroom, interacting in a live session via computer connection, or taking online classes on their own schedule.
“We want our students to select lesson formats based on how they learn most effectively, rather than because of course cost,” said Cameron President John McArthur. “Today’s action simplifies our billing process to make it more transparent and easier to understand for all students while reducing the cost difference in teaching types.”
Despite the tuition adjustment, Cameron’s rates remain among the lowest for undergraduate and graduate education at Oklahoma universities.
The tuition change was approved today by the Oklahoma State Regents for Higher Education. He was previously recommended by the CU Board of Trustees, the University of Oklahoma Board of Trustees, Cameron University and Rogers State University.
Along with the proposed tuition rates, Cameron’s board also approved the university’s operating budget for 2022-23. Overall, the university’s expenses will increase slightly from fiscal year 2022. The change is mainly due to an increase in mandatory costs. Three-quarters of the operating budget is allocated for student instruction, academic support, scholarships and tuition waivers, and student services over the next academic year.
Tuition fees for 2022-2023 will be:
· Undergraduate tuition: $167.50/credit hour for Oklahoma residents; $314 additional/credit hour for non-residents
· Guaranteed undergraduate tuition: $192/credit hour for Oklahoma residents
· Graduate Tuition: $209/credit hour for Oklahoma residents; $373 additional/credit hour for non-residents
· Online MBA/MSOL courses: $331/credit hour for Oklahoma residents; $105 additional/credit hour for non-residents
· Compulsory fee: $56/credit hour.
The FY23 budget reflects Cameron’s ongoing commitment to increasing and improving student achievement and learning inside and outside the classroom while continuing to be a committed partner with common and vocational technology education, business, industry, civic and governmental organizations.
Cameron’s administrative expenses are budgeted at 10.2% of all expenses, well below the administrative cost guideline of 13% for regional universities. CU continues its commitment to maximizing the portion of the budget allocated to teaching, academic support, student services, scholarships, and waivers while minimizing the portion of the budget used by administrative services.
The budget supports initiatives that are aligned with Cameron’s core values and goals in his five-year strategic plan. Actions and initiatives to advance these goals include expanding the operations of the Student Enrichment Center to provide additional counseling, financial literacy counseling, career mentoring, and internships; consolidate or centralize open tutorial labs on the Lawton campus and increase financial support for students. Other initiatives include the development and implementation of a student experience portfolio to record services, awards, and work experiences to complement the transcript as a reference tool for employers. potentials.