The South Dakota Board of Regents Thursday approved tuition and mandatory fees for the upcoming academic year. The impact to students within the public university system is an average cost increase of $463.97 per year, or 6.5 percent.
"We sought to keep this cost to students as low as possible, while still addressing enrollment growth, service to students, and delivering the highest quality education possible," said Regents President Kathryn Johnson.
For the first time in 15 years, the board adopted differential tuition rates for the three research universities within the system: South Dakota State University, The University of South Dakota, and South Dakota School of Mines and Technology. This will allow those universities to generate and retain more tuition income in support of their broader research mission, as well as better align actual costs with the tuition charged.
Resident undergraduate students at the research institutions will pay tuition of $129.90 per credit hour, while the rate for students attending Black Hills State University, Dakota State University, and Northern State University will be charged at $124.20 per credit hour.
On average, an in-state undergraduate student taking 30 credit hours next year will pay $7,563.67 for tuition and the two fees paid by all students—the University Support Fee and the General Activity Fee. These new rates are effective for the 2012-13 academic year that begins this summer.
As a result of board action last fall to decrease the number of credits required for most bachelor-degree programs from 128 to 120, Johnson also noted there will now be an average savings of $500 per year, or $2,000 in total savings, for students on a four-year degree path. "We believe this is a very positive step to help students graduate earlier and with less debt," she said.