OSU Board approves 4.65% tuition hike for 2024-25, also raises fees and level of financial aid

CORVALLIS, Ore. (KTVZ) – The Oregon State University Board of Trustees on Friday approved tuition rates and student fees for the 2024-25 school year and accepted an updated 10-year business forecast.

The undergraduate tuition rates for the 2024-25 academic year include an overall increase of 4.65% for continuing students.

At the same time, Oregon State will increase student financial aid funded by the university by $9.5 million to more than $125 million, a level that is almost three times what it was five years ago.

“In the face of rising costs, we are responding to sustain the high-quality services and support that we provide at Oregon State while mitigating the impact on tuition as much as possible,” said OSU President Jayathi Murthy. “We understand the impact that inflation is having on students and families, and in response we are again significantly increasing financial aid, especially for families with the greatest need.”

Other tuition increases include:

• 4.65% for continuing and new students at Ecampus, Oregon State’s online education unit.
• 2% for resident graduate students.
• 5.15% for non-resident graduate students.
• 2% for continuing and new Ecampus graduate students.
• 3% to 7% for professional graduate programs.

The increases are driven by inflation related to labor, and goods and services; costs associated with increasing enrollment, such as additional instructional and support staff; and investments in expanded programs and services associated with the university’s strategic plan.

Student fees will also increase, including for:

• Counseling and psychological services in Corvallis (11% increase).
• Financing capital projects for non-instructional buildings, primarily student centers, student health facilities and student recreational facilities ($10 per quarter increase in Corvallis and $4 per quarter increase in Bend).
• Student health services (4.7% increase in Corvallis and 4.6% in Bend).

The board also approved a short-term debt resolution; adopted a shared governance philosophy; approved amendments to the bylaws and three of its policies in compliance with Senate Bill 273, passed by the Oregon Legislature in 2023; and heard a report on the 2024 state legislative session and upcoming 2025 legislative matters.

An executive session was held pursuant to Oregon Revised Statues 192.660(2)(d) to conduct deliberations with persons designated by the governing to carry on labor negotiations. No decisions were made in the executive session.

Full materials about the board meeting and its committee meetings, held Thursday, can be found on the board’s web site.