As costs everywhere have soared in the past year, Metropolitan State University of Denver’s Board of Trustees approved a tuition-lock initiative to provide financial predictability for students by locking their tuition costs. The tuition-lock initiative allows MSU Denver to continue with the most affordable tuition rates on the Front Range, providing students with access to high-quality education with tremendous value.
Now, the initiative will continue into the spring with new first-year students receiving four years of locked tuition and students transferring to MSU Denver for the first time benefiting from two years of locked tuition. Current students who were admitted before this semester had their tuition locked for three years.
With spring registration open, now is a good time to encourage students to take a full load of classes and make the most of their tuition lock eligibility.
How it works
The tuition lock places each student within a group defined by their entry date. Each undergraduate cohort is guaranteed an unchanged tuition for four years or the duration of full-time expected degree completion. The tuition-lock program is structured to continue indefinitely.
The initiative aims to improve retention and graduation rates by providing cost certainty to new students. National research has found that 18.5% of public higher-education institutions have a tuition guarantee of some sort and that such initiatives may be associated with improved student retention.
“Our students are facing tremendous financial challenges right now,” said MSU Denver President Janine Davidson, Ph.D. “Many are working multiple jobs just to keep up with rising costs for rent, groceries, gas and other necessities, while also persevering to earn their college degrees. We want them to know that their tuition is one cost that won’t be rising.”
