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How About This? Earn Your Degree In Four Years, Get A $1,000 Check

The New Mexico Highlands University board of regents has voted unanimously to offer incoming freshmen an incentive to earn their undergraduate degree in four years.

Students who do that will receive a $1,000 bonus check from the university after graduating.

The board on Friday also approved a 6.7 percent increase in tuition and fees for resident undergraduates and instituted a 6 percent per year tuition cap on increases going forward for the incoming freshman class.

In 2014, the board instituted a 12.5 percent increase in tuition and fees and raised tuition by 14.2 percent in 2013.

Full-time, resident undergraduates will pay $300 more a year in tuition and fees beginning this summer, pushing the total to $4,800 per year.

The cost is nearly $314 higher for resident graduate students.

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Information from: Las Vegas Optic, http://www.lasvegasoptic.com

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.