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Tennessee Board of Regents Approves Statewide Increases

For release: June 21, 2013
For press information, contact Gabrielle Maxey, 901-678-2843

The Tennessee Board of Regents has approved the recommendation of its Business and Finance Committee to increase maintenance fees at all TBR-governed public universities and community colleges for the 2013-14 academic year. The Board approved the measure at its quarterly meeting at Walters State Community College in Morristown.

As a result, students at the University of Memphis, including the main campus, the Lambuth campus in Jackson, and all satellite locations, will see an increase of six percent this fall, one percent less than the previous year. In-state students who receive the HOPE Lottery Scholarship can apply their stipend of $4,000 a year to offset the costs.

Changes approved by TBR mean that in-state undergraduate students taking a full academic course load of 12 hours will now pay $4151 per semester for the coming year. In-state graduate students taking a full course load of 10 hours will pay $5242 per semester under the new plan.

For out-of-state students, undergraduates will pay $11,507 per semester for a full course load, while graduate students taking a full load will pay $11,452 per semester.  

In-state students at the Cecil C. Humphreys School of Law who are full-time (12 hours) will now pay $8810 per semester while out-of-state law students will pay $19,746 a semester. The law school has been recognized by PreLaw Magazine as one of the top five “best value” law schools in the nation.

“Adequate funding is necessary for the University of Memphis to continue to meet its primary goals of providing a high quality education and graduating students in a timely manner,” said Shirley Raines, president of the University of Memphis. “Still, it is unfortunate that our students must continue to close the gap in state funding by paying more tuition.”

Raines, who recently announced that she will retire June 30, said that, while the University has worked for the last several years to create efficiencies in its operations, the fee increase will be used to help with initiatives designed to further its Complete College Tennessee Act goals.

In 2010 the Tennessee Legislature passed the Complete College Tennessee Act, a comprehensive reform agenda that seeks to transform public higher education through changes in academic, fiscal and administrative policies at the state and institutional level. At the center of these reforms is the need for more Tennesseans to be better educated and trained, while also acknowledging the state's diminished fiscal capacity to support higher education. The Act ties state funding to the achievement of specific goals of measurement for each university, including graduation and retention rates.

The University of Memphis graduated the most students in its 101-year history when it awarded 4,219 degrees in 2012.

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