Regional interstate compacts as a way to cut college costs.

by Grace

Don’t overlook higher education regional interstate compacts as a way to cut college costs.

Regional interstate compacts are reciprocity arrangements whereby state universities and colleges offer tuition discounts to out-of-state students, allowing them to “pay the same price as a resident or capture a significant discount.  Here are four regional compacts along with the participating states.

Western Undergraduate Exchange — Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming

Academic Common Market — Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia

Midwestern Higher Education Compact — Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, and Wisconsin

New England Board of Higher Education —  Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont

Not all schools in each state participate, and most schools limit the number of students accepted.  Various restrictions are imposed.  In many cases, only programs not available in the student’s home state are included in the agreements.

Example of savings from an MHEC public college or university:

In-state tuition $4,000
Out-of-state tuition $8,000
MSEP Tuition
(150% of In-state tuition)
$6,000
Your Savings $2,000

These interstate compacts are worth exploring by students interested in attending college outside their resident states.

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