Student loan debt and the cost of higher education have been in the spotlight at a time when the United States economy continues its recovery from a protracted recession. The cost of higher education has doubled over the last 15 years, while the cost of living has gone up less than 50 percent during that same period.
The OCOM Board of Trustees has taken up this issue over the course of the last year, engaging in discussions with key faculty and college leaders. For the current academic year, OCOM instituted the smallest tuition increase — only 2.8 percent — in the history of our master's degree program. The Board of Trustees went a step further by voting to freeze tuition for the master's and doctoral programs for the 2014-2015 academic year.
Board Chair Peter Martin summarized the Board's judgment: "The cost of higher education has far outstripped inflation for years. OCOM is committed to finding new sources of revenue that complement our mission, while further reducing our dependence on tuition revenue."