University of New Mexico officials are considering several proposals designed to offer students guaranteed flat-rate tuition for the four years it takes them to graduate.
The plans are designed to remove the uncertainty of tuition increases during the time it takes a traditional student to earn a degree,
One of several plans officials are considering would offer the guarantee to the first 500 applicants and year, and a second would offer it only to scholarship recipients.
The Albuquerque Journal reports planning for the guaranteed tuition is in the preliminary stages but the Board of Regents discussed the issue last week.
The university's associate vice president for enrollment management is charged with developing a viable plan.
A handful of states have already adopted various guaranteed tuition rate plans.
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Information from: Albuquerque Journal.
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