University of Memphis Students Upset Over Tuition Increase

University of Memphis Students Upset Over Tuition Increase

A 6 percent tuition increase at the University of Memphis is raising eyebrows.

MEMPHIS, TN (localmemphis.com)-A 6 percent tuition increase at the University of Memphis is raising eyebrows.

"You know it was kind of already bad for us to begin with and going up doesn't help us at all," said Chris Sanderson, University of Memphis student.

A 6 percent tuition increase was approved Friday by the Tennessee Board of Regents. It is another financial burden students will have to bear in the upcoming school year. Full-time students at the University of Memphis will pay $8,666 dollars in tuition and fees.

"That's a lot of money. It's already expensive as it is. It just makes it that much harder for people to pay for school to go," said Jeremy Jones, U of M student.

The total bill for some students will be higher because the increase did not include residence hall rates and meal plans, which can double the tuition bill for those living on campus. Some students believe the increase will force them to transfer to community colleges—another sore point—Congress' inaction on extending the current 3.4 percent interest rate on student loans.

"We're asking those affected 130,000 students in Tennessee, 60,000 in Arkansas, 60,000 in Mississippi, those that are affected to contact their Congress person and reach out to them and explain to them why educating America will build a stronger economy and build a stronger middle class," said Charles Uffelman of the Memphis College Democrats.

If the extension doesn't happen, the student loan rate will double to 6.8 percent on July 1st. Loans aren't hanging over just the heads of current students. Roy Mays graduated last year and when it comes to his loans...

"I'm supposed to pay it back in 10 years but I doubt I'll be able to pay it back then," said Mays.

Page: [[$index + 1]]
comments powered by Disqus