University System of Maryland Board of Regents has approved 3 percent tuition and fee hike for in-state undergraduates and 4.4 percent tuition and fee increase for out-of-state undergraduates, this fall, across the state universities. This raise is expected to generate extra $35.7 million in revenue.
For example, out-of-state students at the University of Maryland, College Park will be paying additional dollars when compared to their classmates, which is estimated to be priced at $1,060.
The 3 percent tuition hike is not applicable at Salisbury University, which was otherwise permitted to increase its tuition and fee by 6 percent to compensate its previous low tuition rates when compared to its competitors.
"That's a figure that gives our campuses the resources to serve students best while still maintaining affordability," said Mike Lurie, a university system spokesman.
Jennifer Ma, an author of the "Trends in College Pricing" report said that even after the tuition has been increased Maryland still remains one of the economical states to complete higher education.
Students pursuing their education at Maryland institutions, feel that tuition raises will make it all the more difficult for an individual to earn a degree.
"I think it's pretty disappointing because it's already expensive enough to go to school. So a hike in state schools means a lot to me," said Helen Nichols, a student.
Administrators allege that since 2005, the system has been introducing affordable tuition rates, the fact which is supported by a data from the 2012-2013 academic year that says that Maryland's average tuition at a public four-year school is $8,220, which is ranked 27th highest in the country.
Certain students echoing similar sentiments as the college administrators allege that despite the tuition hikes, completing the graduation at USM is worth the cost.
