Colleges that offer tuition guarantees allow students to pay the same tuition rate for every year that they attend college. Unlike with prepaid tuition plans, which require advance payment in full of tuition costs for the entire degree program, a tuition guarantee is simply an assurance provided by the school. Students pay tuition on a per-semester basis as they normally would, and are guaranteed to receive the same tuition rate for the duration of their enrollment. Tuition guarantees typically only apply to the cost of tuition, and exclude other costs such as room and board and student activity fees.
Every school that offers a tuition guarantee sets its own program specifications and eligibility requirements. Most schools offer tuition guarantees for four consecutive years, while some extend the guarantee to five years. Tuition guarantees are typically only provided to students enrolled in degree programs, rather than those just casually taking classes. A school may specify upper and lower limits for how many credit-hours a student can complete per semester, and may or may not offer a tuition guarantee to part-time students. Some schools’ tuition guarantee programs encompass room & board and other expenses in addition to the price of tuition.
Tuition guarantees are currently offered by 119 schools in 25 states and the District of Columbia. Of these 119 schools, 88 schools (74 percent) are public colleges and universities.
Need More Information?
Many schools that offer tuition guarantees publish information online regarding their guarantee programs, but not all. To find out more information about the tuition guarantee offered by a specific school, your best bet is to contact the school directly.