Ohio University Board of Trustees’ unanimously approved to develop a plan to offer future incoming students a flat tuition rate for four consecutive years if this new way of pricing education is approved by state legislators.
The new “guaranteed tuition model” also increases the state-mandated tuition increase cap. OU has projected to offer the new rates in fall 2015. A committee will convene to develop the finer details, said OU spokesperson Katie Quaranta.
The trustees’ Friday meeting was Sandra Anderson’s first as chair of the board. It was also the first meeting for student trustee Keith Wilbur and newly appointed trustees Cary Cooper and Janelle Simmons.
National trustee Henry Heilburn will leave the board.
The board also reviewed OU President Roderick McDavis. The full report will be released at the board’s annual retreat in August. Anderson said it is, “glowingly positive.”
“He is the right leader at the right time taking us in the right direction,” Anderson said. “This is a very difficult job that Dr. McDavis makes looks easy.”
In McDavis’ own “Points of Pride” report he asked Congress to make a decision on Stafford loan rates before they are set to double from 3.4 percent to 6.8 percent.
“I hope reason and wisdom will prevail,” McDavis said. “This is a critically important bill. We have to find some common ground.”
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